Suppose That the Demand and Supply Curves for a Good

question 125

Multiple Choice

Suppose that the demand and supply curves for a good are given by Q^D = 1,000/P and Q^S = 10P. What is the equilibrium quantity?

• A) 1,000
• B) 100
• C) 10
• D) 1

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Definitions:

Rear Axle

The axle located at the rear of a vehicle, transmitting power from the drivetrain to the rear wheels.

Wheel Cylinder

An output cylinder in a drum brake assembly. The wheel cylinder contains pistons that move the brake shoes against the drum when the brakes are applied.

Drum Micrometer

A precision measuring tool used to accurately measure the inside diameter of brake drums.

Drum Diameter

The inside diameter of a brake drum, which can affect the brake assembly's efficiency and the vehicle's braking performance.