If P= 34,
Qd = 190-0.2P = 190-0.2(34) = 183.2
Qs = 2P-30 = 2(34)-30 = 68-30 = 38
Since Qd>Qs, so there is a shortage of 183.2 - 38 = 145.20
So, your answer will be - 145.20. (Don't forget to put minus along with your answer)
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for...
Question 2 Tries remaining: Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and Points out of 7.70 Suppose the demand for jackets was given by: QD- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the nearest two decimal places...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Q 220 -P. The supply of jackets is given by: Qs- 10P -770 Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: 2 Points out of 7.70 Suppose the demand for jackets was given by: Op- 220 -P. The supply of jackets is given by: Qs 10P-770. Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs - Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the nearest two decimal...
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