Suppose Demand Is Given By $Q ^ { d } = 400 - 15 P + I$

question 24

Multiple Choice

Suppose demand is given by $Q ^ { d } = 400 - 15 P + I$ , where $Q ^ { d }$ is quantity demanded, $P$ is price and $I$ is income. Supply is given by $\mathrm { Q } ^ { \mathrm { s } } = 5 \mathrm { P }$ , where $\mathrm { Q } ^ { \mathrm { s } }$ is quantity supplied. When $\mathrm { I } = 100$ , equilibrium price is

• A) 15
• B) 20
• C) 25
• D) 30

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Definitions:

Heredity

The biological process through which genetic characteristics are transmitted from one generation to the next.

Rubella

A contagious viral infection, also known as German measles, characterized by a rash and fever, and dangerous for pregnant women due to potential harm to the fetus.

Pregnancy

The state of carrying a developing fetus within the female body, typically lasting about 40 weeks from the last menstrual period to childbirth.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS (Acquired Immunodeficiency Syndrome) if not treated.