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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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Question 71

Question 71

Multiple Choice

  -Refer to the above information to answer this question.What is true if price is $52.50? A) Price will soon rise. B) There is a surplus of 110. C) The quantity supplied is 90. D) The quantity demanded is 90. E) There is a shortage of 40.
-Refer to the above information to answer this question.What is true if price is $52.50?


A) Price will soon rise.
B) There is a surplus of 110.
C) The quantity supplied is 90.
D) The quantity demanded is 90.
E) There is a shortage of 40.

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