The demand for hamburgers is given by Qd = 8,000 – 7,000P, where Qd is the quantity demanded and P is the price. The supply for hamburgers is given by Qs = 4,000 + 1,000P, where Qs is the quantity supplied and P is the price.   If the price is €1.0, will there be a surplus or a shortage of hamburgers? Determine the amount of a shortage (surplus)

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