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Figure 4.2.2 The Market for Robotic Rubber Ducks

Question 14

Multiple Choice

Figure 4.2.2
The Market for Robotic Rubber Ducks
Figure 4.2.2 The Market for Robotic Rubber Ducks -Look at Table 4.2.2. Consumers learn that rubber ducks wear out batteries quickly. As a result, demand decreases by 100 rubber ducks at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ rubber ducks. A) 70; 450 B) 70; 350 C) 50; 450 D) 50; 350 E) 60; 400 Figure 4.2.2 The Market for Robotic Rubber Ducks -Look at Table 4.2.2. Consumers learn that rubber ducks wear out batteries quickly. As a result, demand decreases by 100 rubber ducks at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ rubber ducks. A) 70; 450 B) 70; 350 C) 50; 450 D) 50; 350 E) 60; 400
-Look at Table 4.2.2. Consumers learn that rubber ducks wear out batteries quickly. As a result, demand decreases by 100 rubber ducks at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ rubber ducks.


A) 70; 450
B) 70; 350
C) 50; 450
D) 50; 350
E) 60; 400

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