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Please help me solve this with a detailed explanation. Using the labeling on the graph, describe a shortage and quantify it. 3. Shortage Figure: Price

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Please help me solve this with a detailed explanation.

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Using the labeling on the graph, describe a shortage and quantify it. 3. Shortage Figure: Price and Quantity Price $100 20 10 20 30 40 50 60 70 80 90 100 Quantity 4. How does the rationing function play an important role in the price system

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