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Exhibit 4-1Refer to Exhibit 4-1. Some buyers will offer sellers $7 per unit instead of the $6 price ...

gyoku2302

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Exhibit 4-1Refer to Exhibit 4-1. Some buyers will offer sellers $7 per unit instead of the $6 price ...

Exhibit 4-1

Refer to Exhibit 4-1. Some buyers will offer sellers $7 per unit instead of the $6 price ceiling because

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$7 is closer to the equilibrium price and buyers prefer equilibrium prices to all others.

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they think it is only fair for sellers to receive higher prices.

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they want to increase their chances of buying a good for which there is a shortage.

▸

it is customary to pay more than the price ceiling.

Textbook

Economics

Edition: 12^th

Author: Arnold

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gyoku2302 Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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This helped my grade so much Perfect

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Brilliant ツ

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