The Demand Curve Is P = 800 - 25QD

question 159

Multiple Choice

The demand curve is P = 800 - 25QD. The supply curve is P = 500 + 25QS. At market equilibrium, the equilibrium quantity is ________ and the equilibrium price is ________.

• A)25; 0.17
• B)650; 6.0
• C)0.17; 25
• D)6.0; 650
• E)1,300; zero

---

Definitions:

Persian Gulf

A marginal sea of the Indian Ocean situated between Iran and the Arabian Peninsula.

Transform Faulting

A type of strike-slip fault where two tectonic plates slide past each other horizontally, leading to earthquakes but not volcanic activity.

Sea of Japan

A marginal sea located between Japan, Russia, and Korea, connected to the Pacific Ocean by various straits.

Philippine Sea

A section of the western Pacific Ocean bordered by the Philippines and Taiwan to the west, Japan to the north, and the Marianas to the east.