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Calculating the shortage and surplus from the demand and supply curve

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Demand and supply curves
The following relations describe demand and supply conditions in the oil industry
Qd= 525, 000 minus 7500P (Demand)
Qs= negative 150,000 + 15,000P (Supply)
Where Q is quantity measured in millions of barrels of P is price in dollars
Complete the following table

Quantity Supplied
Quantity Demanded
Surplus (+) or Shortage (-)
(4)= (2) minus (3)

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