In a competitive market the market demand is qd 150 - 2p
In a competitive market, the market demand is Qd= 150 - 2P and the market supply is Qs= 30 + 4P. A price ceiling of $16 will result in a shortage of 24 units.
Instructions: Show work or Explain how a shortage of 24 units was derived.
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in a competitive market the market demand is qd 150 - 2p and the market supply is qs 30 4p a price ceiling of 16 will
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