If a Demand Curve and a Supply Curve Can Be

question 84

Multiple Choice

If a demand curve and a supply curve can be stated functionally as Q_D = 500 - 0.1p and Q_S = 440 + 0.4p respectively,then the equilibrium quantity and price would be

• A)Q = 150; p = 150.
• B)Q = 50; p = 176.
• C)Q = 150; p = 485.
• D)Q = 488; p = 120.
• E)Q = 940; p = 0.4.

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Definitions:

Collectibles

Items of personal or aesthetic value, often rare or unique, that are sought after and collected by enthusiasts.

Reserve Ratio

The reserve ratio is the portion of depositors' balances that banks must have on hand as cash, determined by central banks to ensure stability and liquidity.

Reserves

Funds or material set aside or saved for future use, often referring to cash or other assets held by a bank or a company.

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The Federal Reserve System, the United States' central bank, holds responsibility for implementing monetary policy.