Principles of Microeconomics, California Edition
Principles of Microeconomics, California Edition
2nd Edition
ISBN: 9780393622102
Author: Dirk Mateer, Lee Coppock
Publisher: NORTON
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Chapter 3, Problem 9QR
To determine

Roles of shortages and surpluses in the market.

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Students have asked these similar questions
How does equilibrium occur in the market?
If Goods are not rationed according to price, what happens?
Explain how the equilibrium, or market, the price of a product is examined.
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