2. Use the table to answer the following questions: Price Quantity Supplied Quantity Demanded $2 50 200

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2. Use the table to answer the following questions: Price Quantity Supplied Quantity Demanded $2 50 200 $4 100 175 $6 150 150 $8 200 125 $10 250 100 a. If the price is $8, quantity demanded will be and quantity supplied will be b. This is a surplus/shortage of units. (Select correct answer and provide number) c. Firms will want to raise/lower prices. (Select correct answer) d. The equilibrium price is and equilibrium quantity is

Posted Date: Jun 30, 2024 08:06 PM

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2. Use the table to answer the following questions: Price Quantity Supplied Quantity Demanded $2 50 200

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