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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 12
Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip. If the current price $55 per chip, then there will be ____________ of memory chips.
A) A shortage.
B) A surplus.
C) An equilibrium quantity.
D) None of the above.
A) A shortage.
B) A surplus.
C) An equilibrium quantity.
D) None of the above.
Explanation
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Verified
If the price of the chip is more expensi...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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