Suppose the Demand and Supply Curves for Units of University

question 24

Multiple Choice

Suppose the demand and supply curves for units of university credits are given by
Q^D = 5,000 - P
Q^S = -1,000 + 4P
Where Q^D is the quantity of credits demanded, Q^S is the quantity supplied, and P is the price in dollars for each unit. In this market, the equilibrium price is ____ and the equilibrium quantity is ____.

• A) $3,800; 1,200
• B) $3,000; 2000
• C) $1,200; 3,800
• D) $2,000; 3,000

---

Definitions:

Heterosexual Couples

Pairs of individuals engaging in a romantic or sexual relationship who are of opposite genders.

Patricia Hill Collins

An American sociologist recognized for her research and theory on race, class, gender, sexuality, and nationality, especially as they intersect.

Black Patriarchy

A social and cultural system where black men hold power and dominate in matters of political leadership, moral authority, social privilege, and control of property within the context of black communities.

Heterosexism

The discrimination or prejudice against homosexual people on the assumption that heterosexuality is the normal or preferred sexual orientation.