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:

Fetus

A developing mammal after the embryonic stage and before birth, particularly in humans from the ninth week of gestation until birth.

Uterus

A major female reproductive organ where fetal development occurs; also known as the womb.

Vagina

A muscular tube leading from the external genitals to the uterus in women and female mammals, involved in sexual intercourse and childbirth.

Fallopian Tube

A pair of tubes along which eggs travel from the ovaries to the uterus; a key site for fertilization.