Given the equations Q_d_s = 300 - 10P_s and Q_s_s = - 600 + 40P_s, if the price for a pair of sandals were $25.00, the market would be in: A) shortage B) surplus C) equilibrium D) perfect competition E) none of the above

Question

Quizplus · Accepted Answer

The Answer of Given the equations Q_d_s = 300 - 10P_s and Q_s_s = - 600 + 40P_s, if the price for a pair of sandals were $25.00, the market would be in: A) shortage B) surplus C) equilibrium D) perfect competition E) none of the above

Given the Equations Qds = 300 - 10Ps and Qss

Given the Equations Q_d_s = 300 - 10P_s and Q_s_s