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    Microeconomics Theory with Applications
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    Exam 8: The Theory of Perfect Competition
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    Suppose the Market Demand for Fish Is: Q=1- P
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Suppose the Market Demand for Fish Is: Q=1- P

Question 18

Question 18

Multiple Choice

. Suppose the market demand for fish is: Q=1- P, and the supply of fish is Q=- 2+P, where P is the price per pound of fish. The quantity traded in this market is:


A) 2.
B) 1.
C) 3.
D) 0.

Correct Answer:

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