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Question 119

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Use the following to answer questions : Use the following to answer questions : -(Table: Competitive Market for Good Z) Look at the table Competitive Market for Good Z. If the price of good Z is $15, there will be: A) excess demand of 25 units. B) excess supply of 25 units. C) a shortage of 20 units. D) a surplus of 45 units.
-(Table: Competitive Market for Good Z) Look at the table Competitive Market for Good Z. If the price of good Z is $15, there will be:


A) excess demand of 25 units.
B) excess supply of 25 units.
C) a shortage of 20 units.
D) a surplus of 45 units.

Correct Answer:

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