What is the size of the shortage

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Reference no: EM133084250

This problem involves using supply and demand equations.

Supply: Q = 2 + 3P

Suppose the market is defined by

Demand: Q = 158 - 3P

At a price of P = 19, what is the size of the shortage that will exist in the market?

Type in the amount of the shortage at price P = 19. Once again, just enter in the number, and do not put in any other text or symbols.

Reference no: EM133084250

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