Answer Happy

Question 7 (10 points) Suppose the demand (Qd) is given by Qd = 400 - 2P and the supply (Qs) is given by Qs -50+ 3P, where P is the price. At the price of 80 units.. Shortage; 50 Shortage; 40 Surplus; 50 Surplus; 40 will develop in the market in the amount of