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according to the graph shown, at a price of $5, there is a surplus of 2…

Question

according to the graph shown, at a price of $5, there is a
surplus of 20
shortage of 10
shortage of 20
shortage of 30

Explanation:

Step1: Find quantity supplied at $5

At $P=5$, quantity supplied $Q_s=10$

Step2: Find quantity demanded at $5

At $P=5$, quantity demanded $Q_d=30$

Step3: Calculate shortage

Shortage = $Q_d - Q_s = 30 - 10 = 20$

Answer:

shortage of 20