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Use the Table Below to Answer the Following Questions

Question 26

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
Use the table below to answer the following questions. Table 3.5.1 The Market for Car-Seat Heaters -Refer to Table 3.5.1.Suppose the cost of production rises and supply decreases by 100 units at each price.The new equilibrium price is $________ and equilibrium quantity is ________ units. A) 70;450 B) 70;350 C) 50;450 D) 50;350 E) 60;400
-Refer to Table 3.5.1.Suppose the cost of production rises and supply decreases by 100 units at each price.The new equilibrium price is $________ and equilibrium quantity is ________ units.


A) 70;450
B) 70;350
C) 50;450
D) 50;350
E) 60;400

Correct Answer:

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