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Supply and Demand

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Qd= 317500-10000P

Qs= 2500+7500P
Q is pounds of scrap and P is in cents
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)

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