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The Demand Curve Is P = 700 - 20QD

Question 17

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) 20; 0.10
B) 400; 40
C) 500; 10
D) 10; 500
E) 0.10; 20

Correct Answer:

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