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Refer to Scenario 2.1. If P = $25, which of the following is true?

corie

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7 years ago

Refer to Scenario 2.1. If P = $25, which of the following is true?

Refer to Scenario 2.1. If P = $25, which of the following is true?
A) There is a surplus equal to 30.
B) There is a shortage equal to 30.
C) There is a shortage, but it is impossible to determine how large.
D) There is a surplus, but it is impossible to determine how large.

Textbook

Microeconomics

Microeconomics

Edition: 8^th

Author: Pindyck

Read 96 times

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LBCea

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#1

7 years ago

A

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