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Suppose demand and supply are given by QD = 250 - 4p and Qs = 10 + p, respectively. If the prevailing market price is

Suppose demand and supply are given by QD = 250 - 4p and Qs = 10 + p, respectively. If the prevailing market price is 40, then the market... O a. Exhibits an excess supply of 40 units. O b. Is in equilibrium. O c. Exhibits an excess supply of 50 units. O d. Exhibits an excess demand of 40 units. O e. Exhibits an excess demand of 50 units

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