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Author Question: Suppose the demand and supply curves in the market for apples have the following functional form: ... (Read 60 times)

dongbo

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on: Oct 12, 2022
Suppose the demand and supply curves in the market for apples have the following functional form: QD = 250 - 4p and QS = 10 + p. If the prevailing market price is 40, then
◦ the market exhibits an excess demand of 50 units.
◦ the market exhibits an excess supply of 40 units.
◦ the market is clearing.
◦ the market exhibits an excess demand of 40 units.
◦ the market exhibits an excess supply of 50 units.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dongbo on Oct 12, 2022

avelasquez

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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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dongbo

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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