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Title: Suppose the current price of a pound of steak is $6 per pound and the equilibrium price is $9 per po Post by: Loraine on Jun 20, 2015 Suppose the current price of a pound of steak is $6 per pound and the equilibrium price is $9 per pound. What takes place?
A) There is a shortage, so the price falls and quantity demanded increases. B) There is a surplus, so the price falls and quantity demanded increases. C) There is a shortage, so the price rises and quantity demanded decreases. D) There is a shortage, so the price rises and quantity demanded increases. E) There is a shortage, so the price falls and quantity demanded decreases. Title: Re: Suppose the current price of a pound of steak is $6 per pound and the equilibrium price is $9 pe Post by: Dropx on Aug 16, 2015 Content hidden
Title: Re: Suppose the current price of a pound of steak is $6 per pound and the equilibrium price is $9 per po Post by: Dropx on Aug 31, 2015 Thanks for the feedback :)
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