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Figure: Determining Surplus and Loss
-(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $5,there is a shortage of 40.

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Use the following to answer questions 
Figure: Determining Surplus and Loss 
-(Figure: Determining Surplus and Loss)In the graph,if the government sets a price of $5,there is a shortage of 40.

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At a price of $5, the quantity demanded is 120, while the quantity supplied is only 80. This creates a shortage of 40 units.

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