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Per unit that amarket for a product is in equilibrium at a price of ss per unit

Question : Per unit that amarket for a product is in equilibrium at a price of ss per unit : 3634

Per unit that amarket for a product is in equilibrium at a price of ss per unit. At any price above ss A)there will be an excess demand for the product. B) there will be excess supply c above ss A)there will be an excess demand for the product. B) there will be excess supply c the supplied of product will be less than the quantity demanded of that product. D) there will be a shortage of that product. Feure 4.2 11. Figure 4.2 depicts three market situations. Which of the panels depicts a market in which the price is likely to rise? A) Panel A. B) Panel B. C) Panel C. D) None of the panels depicts a market in which the price is likely to rise. 12. Figure 4.2 illustrates the supply and demand for t-shirts. If the actual price oft-shirts is s7,there is A) excess demand of 8 t-shirts. B) excess supply of 8 t-shirts, excess demand of 10 t-shirts. D excess supply of 10 t-shirts. 13. Suppose that the demand for chocolate is given by Q 2P and the supply of chocolate is given by Q 6. The equilibrium quantity of chocolate is:

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5 (1 Ratings )

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Economics 9 Months Ago 35 Views
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