Use the Following Demand and Supply Functions: Demand $Q _ { d } = 900 - 60 p$

question 72

Multiple Choice

Use the following demand and supply functions: Demand: $Q _ { d } = 900 - 60 p$ Supply: $Q _ { s } = - 200 + 50 \mathrm { P }$ If the price is currently $11,there is a

• A)surplus of 110 units.
• B)shortage of 240 units.
• C)surplus of 350 units.
• D)shortage of 700 units.

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