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W - Market Equil. and Policy 8 The monthly demand and supply schedules for new cars at a large California dealership are shown in the

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W - Market Equil. and Policy 8 The monthly demand and supply schedules for new cars at a large California dealership are shown in the table below. Market for New Cars Price Quantity of Cars Quantity of Cars dollars Demanded Supplied $30, 000 250 25, 000 100 225 20,000 200 200 15, 000 300 175 10,000 400 150 Print If the dealership is currently charging $25,000 for a new car, at the end of the month there will be: O a shortage of 125 cars. a surplus of 25 cars. a surplus of 125 cars. a shortage of 100 cars. neither a surplus nor a shortage; the market will be in equilibrium

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