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:
Verified
Correct Answer:
Verified
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