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-Consider the Market Described by the Schedule in Table 2

Question 118

Multiple Choice
-Consider the market described by the schedule in Table 2.4. At a price of $5 per unit,

-Consider the market described by the schedule in Table 2.4. At a price of $5 per unit, A) the quantity purchased is 1,000 units. B) the quantity traded is 1,000 units. C) there is a surplus of 900 units. D) the quantity sold is 1,800 units. E) there is excess demand.
-Consider the market described by the schedule in Table 2.4. At a price of $5 per unit,


A) the quantity purchased is 1,000 units.
B) the quantity traded is 1,000 units.
C) there is a surplus of 900 units.
D) the quantity sold is 1,800 units.
E) there is excess demand.

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