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CO545 Mid-Term Examination Study Guide for 8-Week Term Student Version for MAS.
ECON 201 Microeconomics Theory and Applications with Calculus Supply and Demand-2 Microeconomics: Theory and Applications with Calculus Supply and Demand 2.1 Demand 1) Suppose the demand for Digital Video Recorders (DVRs) is given by Q=250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does demand for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) d...