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question 133

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Use the following to answer questions :
Figure: The Market for Candy Use the following to answer questions : Figure: The Market for Candy   -(Figure: The Market for Candy)  Look at the figure The Market for Candy. A surplus of the good will exist at a price of: A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) There are no surpluses in this market.
-(Figure: The Market for Candy) Look at the figure The Market for Candy. A surplus of the good will exist at a price of:


Definitions:

C$ Per US$

The exchange rate determining how much Canadian dollars (C$) you can exchange for one US dollar (US$).

Exchange Rate

The financial value of one currency in the context of another for the purpose of exchange.

C$0.005

Represents a monetary value of five one-thousandths of a Canadian dollar.

C$1.0339

Specified value, possibly representing the exchange rate of 1 Canadian dollar to another currency at a certain point in time.

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