Supply and Demand
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Qd= 317500-10000P
Qs= 2500+7500P
Q is pounds of scrap and P is in cents
15cents
16 cents
17 cents
18 cents
19 cents
20 cents
Need to complete the following for each Price
Price(1) Qs(2) Qd (3) surplus (+) or Shortage) (4=2-3)
15
16
17
18
19
20
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