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Crystalboo92 Crystalboo92
wrote...
Posts: 545
5 years ago

Question 1.




Refer to the above figure. The highest price that consumers would be willing to pay for quantity Q2 is

• P1.

• P0.

• P2.

• cannot be determined from the diagram.

Question 2.



According to the above figure, the equilibrium price of DVDs is

• $14.

• $20.

• $10.

• $6.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 55 times
1 Reply

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Replies
wrote...
5 years ago

Answer 1

P1.

Answer 2

$10.
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