Multiple Choice
If a demand curve and a supply curve can be stated functionally as QD = 100 - 5p; and QS = 90 + 5p,respectively,then the equilibrium quantity and price would be
A) Q = 95; p = 1.
B) Q = 1; p = 95.
C) Q = 190; p = 1.
D) Q = 95; p = 10.
E) Q = 190; p = 10.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: "Excess demand" can also be described as<br>A)excess
Q2: A "decrease in supply" refers to which
Q3: Suppose the price of wheat has fallen
Q4: The demand and supply schedules for a
Q6: "Demand" in a particular market refers to<br>A)only
Q7: The positive slope of a supply curve
Q8: The demand and supply schedules for a
Q9: Weekend train travel costs less than weekday
Q10: The demand and supply schedules for a
Q11: The term "supply" in a particular market