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Which answer is correct? Return Your Answers: 1 Price Quantity Quantity Demanded Supplied 1,500 100 1,300 700 $3 1,000 1,000 $4 600 1,300 100 1,400

Which answer is correct?

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Return Your Answers: 1 Price Quantity Quantity Demanded Supplied 1,500 100 1,300 700 $3 1,000 1,000 $4 600 1,300 100 1,400 Consider the market in the table above. At a price of $2 per unit. there is incentive for the price to fall. the quantity purchased will be 1,300 units. the quantity traded is 1,000 units. there is a shortage of 600 units. there is a surplus of 600 units. (no answer)

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