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Q1. The demand for commodity X is represented by the equation P = 10 - 0.2Q also supply by the equation P = 2 + 0.2Q. (1) Refer to the above information. If demand changed from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is:
Q2. On March 1st you purchase a flat screen digital television with amazing surround sound on credit from TV Land. You sign a credit agreement, giving TV Land a security interest in all consumer goods currently owned or subsequently acquired. On April 1st you purchase a new home Calculate on credit from Calculate Land, signing a similar agreement.
If you fail to make your payments to TV Land, do they have a claim to your Calculate? Does TV Land or Calculate Land have to file a financing statement?
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