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Author Question: The table below displays hypothetical demand and supply schedules for the market for overnight ... (Read 56 times)

meganh99

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on: Oct 12, 2022

Question 1

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.



TABLE 3-4

Refer to Table 3-4. If the price of overnight parcel delivery in Year 2 is $10, how many parcels will actually be delivered?


◦ 115
◦ 145
◦ 45
◦ 100
◦ 130

Question 2

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.



TABLE 3-4

Refer to Table 3-4. Suppose the price of overnight parcel delivery in Year 1 is $22. Which of the following statements is correct? In Year 1,


◦ there is an excess demand of 15 million deliveries.
◦ there is an excess demand of 30 million deliveries.
◦ there is an excess supply of 30 million deliveries.
◦ 115 million parcels will be delivered.
◦ there is an excess supply of 15 million deliveries.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by meganh99 on Oct 12, 2022

tharris7314

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Reply #1 on: Oct 12, 2022
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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meganh99

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Reply 2 on: Oct 12, 2022
Wow, this really help

kusterl

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

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