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Use the following to answer questions: Use the following to answer questions:   -(Table: The Lemonade Market)  Use Table: The Lemonade Market. If the price of lemonade is $1.25 per cup, we expect to see a:   A)  rising price to eliminate the shortage. B)  rising price to eliminate the surplus. C)  falling price to eliminate the shortage. D)  market in equilibrium.
-(Table: The Lemonade Market) Use Table: The Lemonade Market. If the price of lemonade is $1.25 per cup, we expect to see a: Use the following to answer questions:   -(Table: The Lemonade Market)  Use Table: The Lemonade Market. If the price of lemonade is $1.25 per cup, we expect to see a:   A)  rising price to eliminate the shortage. B)  rising price to eliminate the surplus. C)  falling price to eliminate the shortage. D)  market in equilibrium.


Definitions:

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