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-Assume That the Initial Demand and Supply Curves in the Above

question 116

Multiple Choice

-Assume that the initial demand and supply curves in the above figure are D<sub>A</sub> and S<sub>A,</sub> respectively. The initial equilibrium price and quantity are A) P<sub>1</sub> and E. B) P<sub>3</sub> and F. C) P<sub>1</sub> and G. D) P<sub>2</sub> and F.
-Assume that the initial demand and supply curves in the above figure are DA and SA, respectively. The initial equilibrium price and quantity are

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