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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