6.3 Initially, electricity is sold in New York and in other states at a competitive single price....

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6.3 Initially, electricity is sold in New York and in other states at a competitive single price. Now suppose that New York restricts the quantity of electricity that its citizens can buy. Show what happens to the price of electricity and the quantities sold in New York and elsewhere.

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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