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Author Question: The figure above represents the market for coffee grinders. Assume ... (Read 288 times)

rayancarla1

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on: Mar 15, 2019

Figure 3-6 Refer to Figure 3-6.  The figure above represents the market for coffee grinders. Assume that the market price is $21. Which of the following statement is true?

◦ There is a shortage that will cause the price to increase; quantity demanded will then decrease and quantity supplied will increase until the price equals $25. ◦ There is a shortage that will cause the price to increase; quantity supplied will then decrease and quantity demanded will increase until the price equals $25. ◦ There will be a shortage that will cause the price to increase; demand will then decrease and supply will increase until the price equals $25. ◦ There is a shortage that will cause the price to decrease; quantity demanded will then increase and quantity supplied will decrease until the price equals $25.
« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by rayancarla1 on Mar 15, 2019

cclemon1

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Reply #1 on: Mar 15, 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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rayancarla1

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Reply 2 on: Mar 15, 2019
Thanks for the timely response, appreciate it

LVPMS

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

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