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Social Science Clinic => Business => Topic started by: Pea0909berry on Mar 15, 2019

Title: Refer to Figure 3-4.If the current market price is $25, the market will achieve equilibrium by
Post by: Pea0909berry on Mar 15, 2019

Figure 3-4









Refer to Figure 3-4.  If the current market price is $25, the market will achieve equilibrium by

◦ a price increase, increasing the supply and decreasing the demand.
◦ a price decrease, decreasing the supply and increasing the demand.
◦ a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
◦ a price increase, increasing the quantity supplied and decreasing the quantity demanded.

Title: -4 Refer to Figure 3-4.If the current market price is $25, the market will achieve equilibrium by
Post by: soda0602 on Mar 15, 2019

a price decrease, decreasing the quantity supplied and increasing the quantity demanded.