Use figure below to answer question 14 Price in Rands At price P3 in figure above P3 P₂ P₁ O D A. there will be a tendency for prices to rise. B. the market is in equilibrium. O C. there will be a surplus of Q4-Q1. D. the quantity traded is Q4. Q₁ Qz S Q3 Q4 Quantity

Use figure below to answer question 14 Price in Rands At price P3 in figure above P3 P₂ P₁ O D A. there will be a tendency for prices to rise. B. the market is in equilibrium. O C. there will be a surplus of Q4-Q1. D. the quantity traded is Q4. Q₁ Qz S Q3 Q4 Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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