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Author Question: A competitive equilibrium is described by A) a price only. B) a quantity only. C) the excess ... (Read 28 times)

acc299

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on: Jul 1, 2018
A competitive equilibrium is described by
 
  A) a price only.
  B) a quantity only.
  C) the excess supply minus the excess demand.
  D) a constant price and a quantity.

Question 2

If price is initially above the equilibrium level,
 
  A) the supply curve will shift rightward.
  B) the supply curve will shift leftward.
  C) excess supply exists.
  D) all firms can sell as much as they want.
Microeconomics ¦ Perloff ¦ 8th Edition
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ladyjames123

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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acc299

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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