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Market Demand Is Given as Q_D= 200 - 6P

Question 136

Question 136

Multiple Choice

Market demand is given as Q<sub>D </sub>= 200 - 6P.Market supply is given as Q<sub>S </sub>= 4P.What would result if the market price were $15

Market demand is given as Q_D= 200 - 6P.Market supply is given as Q_S= 4P.What would result if the market price were $15

A) a shortage of 50
B) a surplus of 50
C) a surplus of 200
D) a shortage of 200

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