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If the Demand and Supply Functions for Z-Brand Phones Are

Question 57

Multiple Choice

If the demand and supply functions for Z-brand phones are If the demand and supply functions for Z-brand phones are and respectively, compare the quantity demanded and the quantity supplied when . Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​ A) There will be a shortage at a price of $22. B) There will be a surplus at a price of $22. and If the demand and supply functions for Z-brand phones are and respectively, compare the quantity demanded and the quantity supplied when . Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​ A) There will be a shortage at a price of $22. B) There will be a surplus at a price of $22. respectively, compare the quantity demanded and the quantity supplied when If the demand and supply functions for Z-brand phones are and respectively, compare the quantity demanded and the quantity supplied when . Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​ A) There will be a shortage at a price of $22. B) There will be a surplus at a price of $22. . Note that q is the quantity produced or sold. Are there surplus phones or not enough to meet demand? ​


A) There will be a shortage at a price of $22.
B) There will be a surplus at a price of $22.

Correct Answer:

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