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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 28
Assume that the equilibrium price for a good is $10. If the market price is $5, a
A) shortage will cause the price to remain at $5.
B) surplus will cause the price to remain at $5.
C) shortage will cause the price to rise toward $10.
D) surplus will cause the price to rise toward $10.
A) shortage will cause the price to remain at $5.
B) surplus will cause the price to remain at $5.
C) shortage will cause the price to rise toward $10.
D) surplus will cause the price to rise toward $10.
Explanation
Verified
Verified
At this lower price of $5 there will be ...
Economics for Today 9th Edition by Irvin Tucker
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