Author Question: If a demand curve can be stated functionally as QD= 500 - 0.1p and a supply curve as QS= 440 + 0.4p, ... (Read 96 times)

elarge · **on:** Oct 12, 2022

Question 1

If a demand curve can be stated functionally as QD = 100 - 5p and a supply curve as QS = 90 + 5p, then the equilibrium quantity and price would be
◦ Q = 95; p = 1.
◦ Q = 1; p = 95.
◦ Q = 95; p = 10.
◦ Q = 190; p = 10.
◦ Q = 190; p = 1.

Question 2

If a demand curve can be stated functionally as QD = 500 - 0.1p and a supply curve as QS = 440 + 0.4p, then the equilibrium quantity and price would be
◦ Q = 940; p = 0.4.
◦ Q = 488; p = 120.
◦ Q = 50; p = 176.
◦ Q = 150; p = 150.
◦ Q = 150; p = 485.

xinyifff · **Reply #1 on:** Oct 12, 2022

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