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the question on the basis of the given supply and demand data for apples: Refer to the data. If the price in this market was
the question on the basis of the given supply and demand data for apples: Refer to the data. If the price in this market was $5: there would be a shortage of apples equal to 32 bushels. the market would clear; quantity demanded would equal quantity supplied. there would be downward pressure on price. farmers be able to sell all their apples
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
