Suppose Demand Is Given By $Q ^ { d } = 500 - 15 P$

question 9

Multiple Choice

Suppose demand is given by $Q ^ { d } = 500 - 15 P$ and supply is given by $Q ^ { s } = 5 P$ . If the government imposes a $\$ 15$ price ceiling, the excess demand will be

• A) 200
• B) 225
• C) 250
• D) 275

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