Assume thatthe market demand for organic tomatoesis modeled as QD= 104 – 2P and market supply is QS = 20 + 4P. If the actual price is set at $20 per pound, there is a _________ of _______ units of the good.

a. surplus; 36 c. shortage; 10
b. surplus; 26 d. none of the above

a. surplus; 36

Economics

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The big-push strategy, if successful, triggers

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Advocates of stabilization policy prefer quick medicine for economic ills. This leads some observers to favor fiscal policy while others endorse monetary policy. Describe the positions of each side in the debate and what seems to be the current consensus

Economics