=+ b. Suppose the regulated price of gas were $4.50 per thousand cubic feet instead of $3.00.

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b. Suppose the regulated price of gas were $4.50 per thousand cubic feet instead of $3.00. How much excess demand would there have been?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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