The Demand Curve Is P = 700 - 10Q_D

question 19

Multiple Choice

The demand curve is P = 700 - 10Q_D.The supply curve is P = 400 + 5Q_S.At market equilibrium,the equilibrium quantity is ________ and the equilibrium price is ________.

• A)20;500
• B)5;0.05
• C)0.05;5
• D)500;20
• E)300;15

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Definitions:

Issue Price

The price at which new securities are offered to the public by the issuer.