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Suppose That the Demand Curve for a Good Is Given

Question 159

Multiple Choice

Suppose that the demand curve for a good is given by QD = 60 - 0.5PD,while the supply curve for the good is given by QS = 20 + 0.5PS.If the price in this market is currently equal to 30,then there is currently ______ in the amount of _____ units.


A) excess demand;10
B) excess demand;20
C) excess supply;10
D) excess supply;20
E) excess supply;40

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