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-If Column 1 Represents the Demand Curve for a Product

question 85

Multiple Choice

  -If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________. A)  a shortage. B)  excess supply. C)  a surplus. D)  excess demand. E)  an equilibrium.
-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then at a price of $7.50,the market experiences ________________.


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