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7. Refer to the Figure 4-3. If price in this market is currently $8, what would happen? a. Quantity supplied would be 40 and quantity

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7. Refer to the Figure 4-3. If price in this market is currently $8, what would happen? a. Quantity supplied would be 40 and quantity demanded would be 60. b. Quantity supplied would be 60 and quantity demanded would be 40. Quantity supplied would be 50 and quantity demanded would be 50. d. Quantity supplied would be 70 and quantity demanded would be 30

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