Consider the following model of a market for a good, in which Qs is quantity produced, Qd is quantity purchased and P is the price of the good. Qs=j+kP Qd=l-mP Assume that j=10, k=1, l=50, m=3. When Qs=Qd how many units of the good will be produced? a. 15 b. 12 c. 20 d. 10

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