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If the Current Price of a Good Is $10, Market

Question 23

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If the current price of a good is $10, market demand is
If the current price of a good is $10, market demand is , and market supply is , then A) more of the good is being produced than people want to buy. B) a lower price will increase the shortage. C) at the current price there is excess demand, or a shortage, of 150 units. D) Both b and c E) All of the above
, and market supply is
If the current price of a good is $10, market demand is , and market supply is , then A) more of the good is being produced than people want to buy. B) a lower price will increase the shortage. C) at the current price there is excess demand, or a shortage, of 150 units. D) Both b and c E) All of the above
, then


A) more of the good is being produced than people want to buy.
B) a lower price will increase the shortage.
C) at the current price there is excess demand, or a shortage, of 150 units.
D) Both b and c
E) All of the above

Correct Answer:

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