Demand Is Given by Q_D = 620 - 10·P and Supply

question 21

Multiple Choice

Demand is given by Q_D = 620 - 10·P and supply is given by Q_S = 100 + 3·P.What is the price and quantity when the market is in equilibrium?

• A) The price will be $30 and the quantity will be 132 units.
• B) The price will be $11 and the quantity will be 122 units.
• C) The price will be $40 and the quantity will be 220 units.
• D) The price will be $35 and the quantity will be 137 units
• E) The price will be $10 and the quantity will be 420 units.

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Definitions:

Device Manager

A component of Microsoft Windows operating systems that allows users to view and control the hardware attached to the computer.

Performance Monitor

A Windows tool that monitors resources such as memory and CPU usage and that allows creation of graphs, bar charts, and text reports.

CPU

The Central Processing Unit, often simply called the processor, is a crucial piece of hardware in a computer system responsible for carrying out instructions of a computer program by performing arithmetic, logical, control, and input/output operations.

Excess Processor Requests

Occurs when applications or processes request more CPU time than is available, leading to potential system slowdowns or instability.