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If a Demand Curve and a Supply Curve Can Be

Question 141

Multiple Choice

If a demand curve and a supply curve can be stated functionally as QD = 500 - 0.1p and QS = 440 + 0.4p respectively,then the equilibrium quantity and price would be


A) Q = 150; p = 150.
B) Q = 50; p = 176.
C) Q = 150; p = 485.
D) Q = 488; p = 120.
E) Q = 940; p = 0.4.

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