Question: Solve the problem. Supply and demand functions, S(x) and D(x), are given for a particular commodity in terms of the level of production x.

Solve the problem. Supply and demand functions, S(x) and D(x), are given

Solve the problem. Supply and demand functions, S(x) and D(x), are given for a particular commodity in terms of the level of production x. In each case: S(x) = 4x + 200 and D(x) = -6x + 460 a. For what values of x is there a market shortage? b. For what values of x is there a market surplus? Show all your work.

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