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    Principles of Microeconomics Study Set 4
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    Exam 2: Demand and Supply: An Introduction
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    Demonstrate Graphically and Explain Verbally the Concept of a Shortage
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Demonstrate Graphically and Explain Verbally the Concept of a Shortage

Question 97

Question 97

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Demonstrate graphically and explain verbally the concept of a shortage.Is price above or below equilibrium?

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A shortage refers to situations where th...

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