Answer to Question #201892 in Economics for Paballo

Question #201892

Use the following functions that show quantity demanded and quantity supplied to answer the question. Qd = 100 – 5P and Qs = –20 + 3P. If the price is R10, then there will be a shortage of

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Expert's answer

"Qd=100-5\\times10=50"

"Qs=-20+3\\times10=10"

"50-10=40"

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