Question: Demand: Qd = 50 - 4P and Supply: Qs = 20 + 2P Case 2: If the government artificially sets the price at $10, show

Demand: Qd = 50 - 4P and Supply: Qs = 20 + 2P

Case 2: If the government artificially sets the price at $10, show your work graphically to demonstrate the quantity of demand, quantity of supply and excess of supply or excess demand.

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