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The Demand Curve Is P = 700 - 10QD

Question 19

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

Correct Answer:

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