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Unformatted text preview: P = 20 + Qs. If the price in the market is $50 which of the following is true? A) There is a shortage of 45 units. B) There is a shortage of 30 units. C) There is a surplus of 45 units. D) There is a surplus of 75 units. E) None of the above....
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This note was uploaded on 09/19/2011 for the course ECN 211 taught by Professor Kingston during the Fall '08 term at ASU.
- Fall '08