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Size of the shortage that will exist in the market

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Reference no: EM131675552

Suppose the market is defined by

Demand: Q = 130 - 2P

Supply: Q = 5 + 3P

At a price of P = 35, what is the size of the shortage that will exist in the market?

Type in the amount of the surplus at price P = 35.  Once again, just enter in the number, and do not put in any other text or symbols.

Reference no: EM131675552

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