If a Demand Curve and a Supply Curve Can Be

question 89

Multiple Choice

If a demand curve and a supply curve can be stated functionally as Qd = 500 - 0.1P and Qs = 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:

Retail Stores

Places of business that sell goods or merchandise directly to consumers, ranging from clothing and groceries to electronics and household items.

Quarterly Art

Art projects or exhibitions that are planned, created, or displayed on a quarterly basis.

Social Responsibility

The obligation of individuals, organizations, and businesses to act in a way that benefits society at large.

Sewer Drains

Infrastructure designed to carry away waste water and storm water from urban and suburban areas to treatment facilities or natural outlets.