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Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548 Exercise 10
(Market Shortage) Why would firms raise the price if there is a market shortage, and why would some consumers pay that higher price. At what point would firms stop raising the price?
Explanation
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Equilibrium in the market occurs when co...
Econ 4th Edition by William McEachern
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