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Author Question: Consider a market characterized by the following demand and supply conditions: QD= 220 - p and QS= ... (Read 36 times)

trevg

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on: Oct 12, 2022
Consider a market characterized by the following demand and supply conditions: QD = 220 - p and QS = 40 + 2p. If the prevailing market price is $70, then
◦ the market experiences a shortage of 40 units.
◦ the market is clearing.
◦ the market experiences a shortage of 30 units.
◦ the market experiences a surplus of 40 units.
◦ the market experiences a surplus of 30 units.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by trevg on Oct 12, 2022

Tussalpain

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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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trevg

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

vickyvicksss

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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