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."

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