In a competitive market, the demand is, ( Q_{D}=432.6-2.3 P ). The supply of beef is, ( Q_{S}=-140.9+4.5 P ) if ( P geq 140.9 / 4.5 ). What is the shortage if the price ceiling is ( $ 80 ) ? (Put "0" if there is no shortage) Answer:

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In a competitive market, the demand is,  ( Q_{D}=432.6-2.3 P  ). The supply of beef is,  ( Q_{S}=-140.9+4.5 P  ) if  ( P  geq 140.9 / 4.5  ). What is the shortage if the price ceiling is  (  $ 80  ) ? (Put &#34;0&#34; if there is no shortage) Answer:

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(Solved): In a competitive market, the demand is, \( Q_{D}=432.6-2.3 P \). The supply of beef is, \( Q_{S}=- ...

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