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This problem involves using supply and demand equations. Suppose the market is defined by Demand: Q = 157 - 2P Supply: Q = 5 +
This problem involves using supply and demand equations.
Suppose the market is defined by
Demand: Q = 157 - 2P
Supply: Q = 5 + 3P
At a price of P = 20, what is the size of the shortage that will exist in the market?
Type in the amount of the shortage at price P = 20.
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