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Lola1 Lola1
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A year ago


Short description: A graph plots quantity against price. Long description: The horizontal axis represents quantity. The vertical axis represents the price. The graph shows two lines. A decreasing line represents demand and an increasing line represents supply. The demand line starts at a point near the top-left of the graph and ends at a point near the bottom-right. The supply line starts at a point near the bottom-left of the graph and ends at a point near the top-right. The two lines intersect at a point. Three horizontal dotted lines are drawn from the points, P subscript 1, P subscript 2, and P subscript 3.

FIGURE 3-5

Refer to Figure 3-5. A price at which there would be a surplus in this market is



▸ P1.

▸ P2.

▸ P3.

▸ both P1 and P2.

▸ both P1 and P3.
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Microeconomics

Microeconomics


Edition: 17th
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Botox14Botox14
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Lola1 Author
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A year ago
You make an excellent tutor!
kater28
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Smart ... Thanks!
dianeflunder
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2 hours ago
Thanks for your help!!
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