Market demand is given as Qd = 200 - 3P. Market supply is given as Qs = 2P + 100. What would result if the market price were $30?
A)a shortage of 110
B)a surplus of 110
C)a surplus of 50
D)a shortage of 50

Question

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The Answer of Market demand is given as Qd = 200 - 3P. Market supply is given as Qs = 2P + 100. What would result if the market price were $30?
A)a shortage of 110
B)a surplus of 110
C)a surplus of 50
D)a shortage of 50

Market Demand Is Given as Qd = 200 - 3P