Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jscubs1 jscubs1
wrote...
Go to Answer
Posts: 148
Rep: 0 0
A year ago
Consider a market characterized by the following demand and supply conditions: QD = 220 - p and QS = 40 + 2p. If the prevailing market price is $70, then

▸ the market experiences a shortage of 40 units.

▸ the market is clearing.

▸ the market experiences a shortage of 30 units.

▸ the market experiences a surplus of 40 units.

▸ the market experiences a surplus of 30 units.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
danterichdanterich
wrote...
#1
Posts: 126
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jscubs1 Author
wrote...

A year ago
Smart ... Thanks!
Kstan109
wrote...

Yesterday
Thanks
mikeh209
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1192 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 161
  
 52
  
 1554
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Which 'study break' activity do you find most distracting?