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Author Question: Consider the global market for some mineral, X. In January 2020, the equilibrium price and quantity ... (Read 40 times)

mmmmm

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on: Oct 12, 2022
Consider the global market for some mineral, X. In January 2020, the equilibrium price and quantity were P = $27 per unit and Q = 140 million units. In January 2022, the equilibrium price and quantity were P = $35 per unit and Q = 110 million units. Which of the following is the best possible explanation for this change in market equilibrium?
◦ There has been a simultaneous increase in demand and increase in supply for mineral X.
◦ There has been a decrease in global demand for mineral X.
◦ There has been a decrease in supply of mineral X.
◦ There has been an increase in demand for mineral X.
◦ There has been a simultaneous increase in supply and decrease in demand for mineral X.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mmmmm on Oct 12, 2022

Asfa

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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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mmmmm

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Excellent

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