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Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 28
At price $5 in this market: a. there will be a shortage of 10,000 units.
B) there will be a surplus of 10,000 units.
C) quantity demanded will be 12,000 units.
D) quantity demanded will equal quantity supplied.
B) there will be a surplus of 10,000 units.
C) quantity demanded will be 12,000 units.
D) quantity demanded will equal quantity supplied.
Explanation
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When the price is $5 the quant...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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