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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Suppose the market-clearing price of guitars is $500, but the prevailing price is currently $700. Pick the correct statement.
A) There is a shortage of guitars.
B) Guitar sellers would not be able to successfully sell all they planned to sell.
C) Guitar buyers would not be able to successfully buy all they planned to buy.
D) All of the above are true.
E) None of the above is true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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#4
3 years ago
Thanks!
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#5
3 years ago
Thanks!
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