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This problem involves using supply and demand equations. Suppose the market is defined by Demand:Q = 163 - 2P Supply:Q = 3 + 3P At
This problem involves using supply and demand equations.
Suppose the market is defined by
Demand:Q = 163 - 2P
Supply:Q = 3 + 3P
At a price of P = 18, what is the size of the shortage that will exist in the market?
Type in the amount of the shortage at price P = 18.Once again, just enter in the number, and do not put in any other text or symbols.
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