Solved: What is the quantity of a shortage or a surplus, Microeconomics

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What is the quantity of a shortage or a surplus

Problem

Domestic demand for a good is QD = 3000 - 25P. The domestic supply of the good is QS = 20P. Foreign producers can supply any quantity at a price (P) of $30. Is there a shortage opf a surplus? what is the quantity of a shortage or a surplus?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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