(Answered) This problem involves using supply and demand

Management Studies

This problem involves using supply and demand equations.

Suppose the market is defined by

Demand: Q = 155 - 2P

Supply: Q = 3 + 3P

At a price of P = [psurp], what is the size of the shortage that will exist in the market?

Type in the amount of the shortage at price P = 19

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Business Management, Management Studies

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