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    Modern Principles Microeconomics
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    Exam 4: Equilibrium
  5. Question
    Imagine a Free Market in Which Quantity Supplied Is 50
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Imagine a Free Market in Which Quantity Supplied Is 50

Question 14

Question 14

Multiple Choice

Imagine a free market in which quantity supplied is 50 units and quantity demanded is 40 units at the current price. The market is experiencing a(n) :


A) equilibrium.
B) surplus.
C) shortage.
D) shift.

Correct Answer:

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