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-Consider the Market Represented by the Schedule in Table 2

Question 106

Multiple Choice
-Consider the market represented by the schedule in Table 2.4. At a price of $2 per unit,

-Consider the market represented by the schedule in Table 2.4. At a price of $2 per unit, A) the quantity purchased is 1,000 units. B) the quantity sold is 700 units. C) there is a surplus of 300 units. D) there will be a tendency for the price to decrease. E) there is a surplus of 700 units.
-Consider the market represented by the schedule in Table 2.4. At a price of $2 per unit,


A) the quantity purchased is 1,000 units.
B) the quantity sold is 700 units.
C) there is a surplus of 300 units.
D) there will be a tendency for the price to decrease.
E) there is a surplus of 700 units.

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