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Demand function for bagels: Qd = 900 - 200p Supply function for bagels: Qs = 300 + 100p If the price of bagels (p) is
Demand function for bagels: Qd = 900 - 200p Supply function for bagels: Qs = 300 + 100p If the price of bagels (p) is $4, there will be a __________ of ____________ bagels. Group of answer choices surplus; 600 surplus; 100 shortage; 600 shortage; 100
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
