# 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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