Top Posters
Since Sunday
New Topic  
mombefor78 mombefor78
wrote...
Posts: 136
Rep: 0 0
A year ago
Suppose the equation for the demand curve is P = 7 – 2Qd and the equation for the supply curve is . What is the quantity demanded when P = $4.40? What is the quantity supplied when The market is currently experiencing a ________ (surplus/shortage). Round your final answer to two decimal places.

▸ 0.47, 1.3, surplus

▸ 1.3, 0.47, surplus

▸ 0.47, 1.3, shortage

▸ 1.3, 0.47, shortage
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 47 times
1 Reply
Replies
Answer verified by a subject expert
yankeesaremyjamyankeesaremyjam
wrote...
Posts: 127
Rep: 1 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

mombefor78 Author
wrote...

A year ago
Brilliant
wrote...

Yesterday
Thank you, thank you, thank you!
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1257 People Browsing
Related Images
  
 161
  
 333
  
 100
Your Opinion
What's your favorite math subject?
Votes: 293