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Use the Table Below to Answer the Following Questions

Question 124

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, causing supply to decrease 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, causing supply to decrease 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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