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Bootyshaker Bootyshaker
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2 years ago
Consider a market characterized by the following demand and supply conditions: QD = 200 - 3p and QS = 100 + 2p. If the prevailing market price is $30, then

▸ the market experiences a surplus of 50 units.

▸ the market experiences a shortage of 100 units.

▸ the market experiences a shortage of 50 units.

▸ the market experiences a surplus of 100 units.

▸ the market is clearing.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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astroasisastroasis
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#1
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2 years ago
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Bootyshaker Author
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2 years ago
Good timing, thanks!
patod1
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Yesterday
Thanks for your help!!
annabananerz
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2 hours ago
Just got PERFECT on my quiz
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