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
Correct Answer:
Verified
Correct Answer:
Verified
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