Question

The quantity theory of money states

that MV = PQ.
Given:
M= 30
V = 50
P = 10

What value would "Q" need to be to balance
the equation?

A. 50

B. 100

3. 150

Answer 1

3. 150

Step-by-step explanation:

Substitute the letters for the numbers and solve.

MV = PQ=

30×50 = 1500

10 × 150 = 1500

Q= 150