If a Demand Curve and a Supply Curve Can Be

question 48

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 (Q, P) would be

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

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Definitions:

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth through processes like natural selection and genetic mutation over time.

Genes

Basic units of heredity made up of DNA which code for specific characteristics in living organisms.

Nature Argument

A viewpoint in the nature versus nurture debate that attributes certain behaviors or traits solely to biological factors, ignoring environmental influences.

Fittest Survive

A concept derived from Darwinian evolutionary theory suggesting that in natural selection, the individuals best adapted to their environment are most likely to survive and reproduce.