4. We are given the following supply and demand equations: Qd=50-2P Q = 20+3P a. What will be the quantity demanded at a price of $20? Please show your work. (1 point) b. What will be the quantity supplied at a price of $20? Please show your work. (1 point) c. At a price of $20, is there a surplus or a shortage and how many units is the surplus/shortage? (1 point) d. Solve for the equilibrium price and quantity in this market. Please show your work. (2 points)

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