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The following table shows the market demand schedule and supply schedule for notebooks. Price ($ per ...
kristen299
kristen299
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The following table shows the market demand schedule and supply schedule for notebooks. Price ($ per ...
The following table shows the market demand schedule and supply schedule for notebooks.
Price ($ per unit)
Quantity Demanded (units)
Quantity Supplied (units)
1
20
4
2
16
6
3
14
10
4
12
12
5
10
14
6
7
17
7
4
20
8
2
22
9
1
25
Refer to the table above. What is the shortage in the market when the price of a notebook is $1?
▸ 10 units
▸ 0 units
▸ 16 units
▸ 14 units
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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shandaman13
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16 units
1
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kristen299
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Helped a lot
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Thank you, thank you, thank you!
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