Question 12 (1.25 points) Market demand is given by Qd = 400 - 4P. Market supply is given by Q5 = 3P + 100. What
Question 12 (1.25 points) Market demand is given by Qd = 400 - 4P. Market supply is given by Q5 = 3P + 100. What would result if the market price were $50? 0 a surplus of 50 O a surplus of 100 O a shortage of 50 O a shortage of 100
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