Market demand and supply
Market demand and supply are given as Qd = 1000 - 5P and Qs = 4P - 80 respectively. If P = 100,
a) there is a shortage of 180 units.
b) none of the above.
c) there is a surplus of 180 units.
d) the market is in equilibrium
e) wht woul be the price?
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