The Demand Curve Is P = 700 - 20QD

question 167

Multiple Choice

The demand curve is P = 700 - 20QD. The supply curve is P = 300 + 20QS. At market equilibrium, the equilibrium quantity is ________ and the equilibrium price is ________.

• A)10; 500
• B)500; 10
• C)0.10; 20
• D)20; 0.10
• E)400; 40

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Definitions:

Aggressive Behavior

Actions or responses that are hostile, harmful, or destructive, often with the intent to dominate or injure.

Frustration

An emotional response to opposition, related to anger and disappointment, that arises from the perceived resistance to the fulfillment of an individual's will or goal.

Speed Dates

short, timed interactions typically used in dating to allow individuals to meet and quickly assess mutual interest or compatibility.

Future Contact

The anticipation or arrangement of an interaction or meeting that will occur at a later date.