Question: The reduced demand function for product X is Qd = 4000 - 800 Px and its reduced supply function is Qs = 1000 + 200

The reduced demand function for product X is Qd = 4000 - 800 Px and its reduced supply function is Qs = 1000 + 200 Px. What amount of disequilibrium would exist in the market if the government establishes a price ceiling of $1.50

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