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Use the Figure Below to Answer the Following Questions

Question 11

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 15.2.3 -Refer to Figure 15.2.3.The unregulated equilibrium in the paper market is A) a quantity of 40 tonnes and a price of $11 a tonne. B) a quantity of 40 tonnes and a price of $13 a tonne. C) a quantity of 50 tonnes and a price of $12 a tonne. D) a quantity of 50 tonnes and a price of $14 a tonne. E) a quantity of 60 tonnes and a price of $13 a tonne. Figure 15.2.3
-Refer to Figure 15.2.3.The unregulated equilibrium in the paper market is


A) a quantity of 40 tonnes and a price of $11 a tonne.
B) a quantity of 40 tonnes and a price of $13 a tonne.
C) a quantity of 50 tonnes and a price of $12 a tonne.
D) a quantity of 50 tonnes and a price of $14 a tonne.
E) a quantity of 60 tonnes and a price of $13 a tonne.

Correct Answer:

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