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Answer to Question #333969 in Macroeconomics for sibobo
Question #333969
Qd = 100 – 5P and Qs = –20 + 3P. If the price is R10, then there will be a shortage of
Expert's answer
"Q_d=100-5\\cdot 10=50,"
"Q_s=-20+3\\cdot 10=10,"
"S=Q_d-Q_s=50-10=40."
Learn more about our help with Assignments: Macroeconomics
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