If the demand function is Qd = 600 - 50P, and the supply function is Qs = - 400 + 150P, calculate the shortage or surplus at a price of $4. Typing only the words shortage or surplus is insufficient, you also need to enter the size of the shortage or surplus.
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Home » Business » If the demand function is Qd = 600 - 50P, and the supply function is Qs = - 400 + 150P, calculate the shortage or surplus at a price of $4.