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  3. complete the problem by using the accompanying fig

Complete the problem by using the accompanying figure which shows a supply function and a...

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Basic Math

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Complete the problem by using the accompanying figure which shows a supply function and a demand function Assume price is measured in dollars P 40 30 20 10 10 20 30 40 50 60 a If the price is 22 what quantity is supplied x units b If the price is 22 what quantity is demanded X units 9 c Is there a surplus or a shortage when the price is 22 surplus shortage How many units is this surplus or shortage

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