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Assume That the Market Demand for Organic Tomatoes Is Modeled

Question 29

Multiple Choice

Assume that the market demand for organic tomatoes is modeled as QD = 104 - 2P and market supply is QS = 20 + 4P. If the actual price is set at $20 per pound, there is a _________ of _______ units of the good.


A) surplus; 36
B) surplus; 26
C) shortage; 10
D) none of the above

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