The Demand Curve Is P = 800 - 25Q_D

question 24

Multiple Choice

The demand curve is P = 800 - 25Q_D.The supply curve is P = 500 + 25Q_S.At market equilibrium, the equilibrium quantity is _______ and the equilibrium price is _______ .

• A)1,300; zero
• B)6.0; 650
• C)25; 0.17
• D)0.17; 25
• E)650; 6.0

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