The Demand Curve Is P = 700 - 10QD

question 66

Multiple Choice

The demand curve is P = 700 - 10QD. The supply curve is P = 400 + 5QS. At market equilibrium, the equilibrium quantity is ________ and the equilibrium price is ________.

• A)20; 500
• B)5; 0.05
• C)0.05; 5
• D)500; 20
• E)300; 15

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