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Author Question: The figure above illustrates the bagel market. Which of the following statements is correct? (Read 89 times)

cookcarl

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on: May 24, 2019


The figure above illustrates the bagel market. Which of the following statements is correct?
◦ With a price ceiling of $1.00 per bagel, the quantity demanded is equal to the quantity supplied.
◦ With a price ceiling of $3.00 per bagel, the quantity demanded is greater than the quantity supplied.
◦ With a price ceiling of $1.00 per bagel, there is a shortage of bagels.
◦ Answers With a price ceiling of $1.00 per bagel, the quantity demanded is equal to the quantity supplied and With a price ceiling of $3.00 per bagel, the quantity demanded is greater than the quantity supplied are correct.
◦ Answers With a price ceiling of $3.00 per bagel, the quantity demanded is greater than the quantity supplied and With a price ceiling of $1.00 per bagel, there is a shortage of bagels are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by cookcarl on May 24, 2019

duy1981999

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Reply #1 on: May 24, 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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cookcarl

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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