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Market Demand Is Given as Q_D= 80 - 2P

Question 111

Question 111

Multiple Choice

Market demand is given as Q<sub>D </sub>= 80 - 2P.Market supply is given as Q<sub>S </sub>= 2P.What would result if the market price were $10

Market demand is given as Q_D= 80 - 2P.Market supply is given as Q_S= 2P.What would result if the market price were $10

A) a shortage of 40
B) a surplus of 40
C) a surplus of 20
D) a shortage of 20

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