Complete the problem by using the accompanying figure which

Last updated: 2/3/2023

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