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Author Question: Refer to Figure 4-4.The figure above represents the market for iced tea. Assume that ... (Read 93 times)

Chloeellawright

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on: Mar 15, 2019

Figure 4-4
   









Refer to Figure 4-4.  The figure above represents the market for iced tea. Assume that this is a competitive market. If the price of iced tea is $3


◦ the quantity supplied is greater than the economically efficient quantity.
◦ the quantity demanded is economically efficient but the quantity supplied is economically inefficient.
◦ economic surplus is maximized.
◦ too many consumers want to buy iced tea.
« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Chloeellawright on Mar 15, 2019

SamMuagrove

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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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Chloeellawright

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

vickyvicksss

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

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