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Market Demand Is Given as QD = 150 - 3P

Question 133

Multiple Choice
Market demand is given as Q<sub>D </sub>= 150 - 3P.Market supply is given as Q<sub>S </sub>= 2P.What would result if the market price were $25

Market demand is given as QD = 150 - 3P.Market supply is given as QS = 2P.What would result if the market price were $25


A) a shortage of 25
B) a surplus of 25
C) a surplus of 105
D) a shortage of 105

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