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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