Based on the quantity equation, if y = 4,000, p = 3, and v = 4, then m =b. $3,000.
What is the quantity equation?
The quantity equation states that changes in market price affect money supply. It is evaluated with the equation: MV = PT, where M is the money supply, V is the velocity of money, P is the average price level, and T is the volume of economic transactions.
Going by the equation, M will be gotten by multiplying P and T and diving the result by 4. 12,000 divided by 4 is equal to 3000, so this leaves us with the correct answer.
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