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Title: Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overall ma Post by: Sublight2097 on Jun 20, 2015 Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overall market clearing output increases from 1 million to 2 million pounds. How can we explain the fall in price and increase in market output?
A) Supply decreased and demand remained unchanged. B) Supply remained unchanged and demand decreased. C) Demand increased and supply remained unchanged. D) Demand remained unchanged and supply increased. Title: Re: Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overal Post by: Dropx on Aug 16, 2015 Content hidden
Title: Re: Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overall ma Post by: Sublight2097 on Aug 31, 2015 My mind was going in all different directions trying to figure this one out. Thanks so much.
Title: Re: Suppose the market clearing price for apples falls from $3.00 to $2.00 per pound, and the overall ma Post by: Dropx on Aug 31, 2015 Another success story!
I'm proud 8-) |