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Market Demand Is Given as Q_D= 120 - 2P

Question 131

Question 131

Multiple Choice

Market demand is given as Q<sub>D </sub>= 120 - 2P.Market supply is given as Q<sub>S </sub>= 2P + 40.What would result if the market price were $50

Market demand is given as Q_D= 120 - 2P.Market supply is given as Q_S= 2P + 40.What would result if the market price were $50

A) a shortage of 120
B) a surplus of 120
C) a surplus of 140
D) a shortage of 140

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