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The Demand Curve Is P = 700 - 10QD

question 19

Multiple Choice

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


Definitions:

Restrictive Endorsement

A limitation placed on the use of a check or other negotiable financial instrument, specifying conditions under which it can be transferred or cashed.

Stop Payment Order

A request made to a bank to cancel a check or payment that has not been processed yet.

Subrogation

The legal process by which one party stands in for another to claim restitution or indemnity from a third party for a loss or damage.

Improper Payment

Payments made by organizations that should not have been made or that were made in an incorrect amount.

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