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-If Column 1 Represents the Demand Curve for a Product

Question 17

Multiple Choice

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $10,the market experiences ______________ equal to _________ units. A) excess demand;40 B) excess demand;20 C) excess supply;0 D) excess supply;20 E) excess supply;60
-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $10,the market experiences ______________ equal to _________ units.


A) excess demand;40
B) excess demand;20
C) excess supply;0
D) excess supply;20
E) excess supply;60

Correct Answer:

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