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Table 4-9
the Following Table Shows the Supply and Demand

question 80

Essay

Table 4-9
The following table shows the supply and demand schedules in a market.
 Price ($)  Quantity  Demanded  (units)  Quantity  Supplied  (units) 05002401543030620458106010075\begin{array} { | l | l | l | } \hline \text { Price (\$) } & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (units) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Supplied } \\\text { (units) }\end{array} \\\hline 0 & 50 & 0 \\\hline 2 & 40 & 15 \\\hline 4 & 30 & 30 \\\hline 6 & 20 & 45 \\\hline 8 & 10 & 60 \\\hline 10 & 0 & 75 \\\hline\end{array}
-Refer to Table 4-9. If the supply curve shifts to the right, will the price in this market rise or fall?


Definitions:

Lvalue

A location value, representing an object that occupies some identifiable location in memory (such as a variable), which can be assigned a value.

Assignment Operator

The operator (=) used to assign a value to a variable in programming.

Garbage Value

An undefined or meaningless value that a variable can have, due to uninitialized memory or memory leaks.

Postfix Increment

An operator used to increase the value of a variable by one, but the evaluation takes place after the current statement's value is accessed.

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