Question
This problem involves using supply and demand equations. Suppose the market is defined by Demand: Q = 151 - 3P Supply: Q = 4 +
This problem involves using supply and demand equations.
Suppose the market is defined by
Demand: Q = 151 - 3P
Supply: Q = 4 + 2P
At a price of P = 17, what is the size of the shortage that will exist in the market?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
