In a competitive market,the market demand is Qd = 400 − 5P and the market supply is Qs = 10P - 80.A price ceiling of $32 will result in:
A) a shortage of 80 units.
B) a shortage of 44 units.
C) a surplus of 26 units.
D) neither a shortage nor a surplus.
Correct Answer:
Verified
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