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Supply Price Demand 50 100 150 200 Quantity Refer to the diagram. A price of $20 in this market will result in a
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Answer #1

Solution: shortage of 100 units

Explanation: At price $20 supply is 100 units while the demand is 200 units; thus creating a shortage of 100 units

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Supply Price Demand 50 100 150 200 Quantity Refer to the diagram. A price of $20 in this market will result in a
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