Question
The supply curve in a market is given by P = 11 + 2.3(Q), while the demand curve is P = 47 - 3(Q). A
The supply curve in a market is given by P = 11 + 2.3(Q), while the demand curve is P = 47 - 3(Q).
A price of ____ will cause a _____ of the amount ____.
A.$20.37 ; surplus ; 2.085B.$26.62 ; shortage ; 4.803C.$30.7 ; shortage ; 1.359D.$30.7 ; surplus ; 3.132E.$26.62 ; surplus ; 1.359
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
