Consider a cell phone market with an equilibrium price of $750 and an equilibrium quantity of 160 thousand cell phones. Assume that the quantity demanded at a below-equilibrium price is 4 times the equilibrium quantity, and the quantity supplied at the below-equilibrium price is 1/2 times the equilibrium quantity Calculate the shortage in the market at the below equilibrium price. Enter your answer in thousands and as a positive number in the box below.

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