QUESTION IMAGE
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
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 = $Q_d - Q_s = 30 - 10 = 20$
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shortage of 20