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demanc for commodity X is represented by the equation Qd = 100- 3P and supply by he equation Qs - 50 + 2P. When the

demanc for commodity X is represented by the equation Qd = 100- 3P and supply by he equation Qs - 50 + 2P. When the price equals to $ 7 do we have ?shortage surplus or equilibrium? By how much if any

If the demand for commodity X is represented by the equation Qd - 100-3P and supply by the equation QS - 50 +2P When the price equals to $ 7. do we have shortage or surplus or equilibrium? By how much if any ALT+F10 10+ALT+IN ( 14) I = 10pt Arial 8 9 | B 15

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