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Take a look at the table below that details both the demand and supply schedules for jeans. Price Quantity Demanded Quantity Supplied $20 250 50
Take a look at the table below that details both the demand and supply schedules for jeans. Price Quantity Demanded Quantity Supplied $20 250 50 $40 200 100 $60 150 150 $80 100 200 $100 50 250 If the current market price is $40, based on the information in the table, what can you predict will happen to the price over time? Group of answer choices The market price will increase since there is an excess demand for jeans at the current price. The market price will increase since there is an excess supply of jeans at the current price. The market price will fall since there is an excess demand for jeans at the current price. The market price will fall since there is an excess supply of jeans at the current price
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