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Market Demand Is Given as Q_D= 70 - 2P

Question 344

Multiple Choice

Market demand is given as Q_D= 70 - 2P.Market supply is given as Q_S= P + 10.What would result if the market price were $30

A) a shortage of 30
B) a surplus of 40
C) a surplus of 30
D) a shortage of 40

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