EBK MICROECONOMICS
EBK MICROECONOMICS
5th Edition
ISBN: 9781118883228
Author: David
Publisher: YUZU
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Chapter 1, Problem 1.12P
To determine

(a)

Graphical relationship between demand and supply. Equilibrium levels of price and quantity.

To determine

(b)

The reason for disequilibrium in the market when the price is equal to 18.

To determine

(c)

The reason for disequilibrium in the market when the price is equal to 14.

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