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(Solved): Economics: Its very SERIOUS IF you give aagainna ai answers ,i give mutiple dislikes The market f ...



Economics: Its very SERIOUS IF you give aagainna ai answers ,i give mutiple dislikes The market for petrol is in equilibrium at $6 per liter, with demand and supply equal at 2,000 liters. The government fixes a price ceiling of $5 per liter. At this price, demand becomes 2,400 liters, while supply reduces to 1,700 liters. The petroleum ministry wants to know the shortage. Calculate the shortage.



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