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figure. What happens in this market if the price is higher than $10? Question 11 options: There is excess demand until the price level reaches
figure. What happens in this market if the price is higher than $10? Question 11 options: There is excess demand until the price level reaches $20. There is excess supply if the price is higher than $20. The supply curve shifts to the right. Any price higher than $10 ensures that demand and supply are equal. The demand curve shifts to the right
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