Use the information below to answer this questi... - JAMB Economics 2008 Question
Use the information below to answer this question.
Given that Q d = 20 - 4P and Q = 6P + 12
If price is increased to N3, how much is the excess supply?
Given that Q d = 20 - 4P and Q = 6P + 12
If price is increased to N3, how much is the excess supply?
A
30
B
22
C
12
D
8
correct option: b
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