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capriciossa capriciossa
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2 months ago

When P = $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units.  For every $1 decrease in the price of this good, quantity demanded rises by 5 units and quantity supplied falls by 5 units.  The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.



▸

$3; 40



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$4; 35



▸

$2; 45



▸

$2; 35



▸

$3; 35

Textbook 
Economics

Economics


Edition: 12th
Author:
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jennaforierojennaforiero
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2 months ago
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$3; 40
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