Question #333969

Qd = 100 – 5P and Qs = –20 + 3P. If the price is R10, then there will be a shortage of


Expert's answer

Qd=100−5⋅10=50,Q_d=100-5\cdot 10=50,

Qs=−20+3⋅10=10,Q_s=-20+3\cdot 10=10,

S=Qd−Qs=50−10=40.S=Q_d-Q_s=50-10=40.


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