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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
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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

User Jeancarlos
by
4.3k points

1 Answer

8 votes

Answer:

3. 150

Step-by-step explanation:

Substitute the letters for the numbers and solve.

MV = PQ=

30×50 = 1500

10 × 150 = 1500

Q= 150

User Sai Pavan Kumar
by
3.7k points
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