30) In Figure 2.1, Box 1 would be labeled Box 1 Box 3 Figure 2.1 A) D for demand. B) S for supply. Box 4 C) P for price. D) P* for equilibrium price. Box 2 Box 5 Box 6
30) In Figure 2.1, Box 1 would be labeled Box 1 Box 3 Figure 2.1 A) D for demand. B) S for supply. Box 4 C) P for price. D) P* for equilibrium price. Box 2 Box 5 Box 6
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![30) In Figure 2.1, Box 1 would be labeled
Box 1
Box 3
Figure 2.1
A) D for demand.
B) S for supply.
Box 4
C) P for price.
D) P* for equilibrium price.
Box 2
Box 5
Box 6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F831be8a7-7cc2-44ea-be89-96757415519a%2F7b986933-ed31-468b-8b2a-ae0e679c9e1b%2Fu04ja8_processed.png&w=3840&q=75)
Transcribed Image Text:30) In Figure 2.1, Box 1 would be labeled
Box 1
Box 3
Figure 2.1
A) D for demand.
B) S for supply.
Box 4
C) P for price.
D) P* for equilibrium price.
Box 2
Box 5
Box 6
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