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Author Question: Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the ... (Read 120 times)

pragya sharda

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on: May 24, 2019
Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the equilibrium price, a
◦ shortage exists and the price falls to restore equilibrium.
◦ shortage exists and the price rises to restore equilibrium.
◦ surplus exists and the price falls to restore equilibrium.
◦ surplus exists and the price rises to restore equilibrium.
◦ surplus exists but nothing happens until either the demand or the supply changes.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by pragya sharda on May 24, 2019

sylvia

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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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pragya sharda

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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