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How do I calculate the following? I figured out the equilibrium price is $10 and equilibrium quantity is 200. QD=400- 20P QS=100+ 10P If the
How do I calculate the following?
I figured out the equilibrium price is $10 and equilibrium quantity is 200.
QD=400- 20P
QS=100+ 10P
If the price is $15, there is asurplus
ofpizzas.
c. If the price is $5, there is ashortage
ofpizzas.
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