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Author Question: Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Refer ... (Read 29 times)

craiczarry

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on: Apr 19, 2019

Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.











Refer to Figure 4.3. If the government will not allow retailers to charge less than $0.50 for a pencil, which of the following will happen?


◦ Demand must eventually increase so that the market will come into equilibrium at a price of $0.50.
◦ Supply must eventually decrease so that the market will come into equilibrium at a price of $0.50.
◦ Retailers will have an excess supply of pencils.
◦ The market will be in equilibrium at a price of $0.50.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by craiczarry on Apr 19, 2019

epscape

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Reply #1 on: Apr 19, 2019
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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craiczarry

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

nothere

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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