5. Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip....

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5. Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip. If the current price is $55 per chip, then there will be ______________ of memory chips. LO3.4

a. A shortage.

b. A surplus.

c. An equilibrium quantity.

d. None of the above.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:00 AM

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5. Suppose that in the market for computer memory chips, the equilibrium price is $50 per chip....

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Macroeconomics

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