1) What is the equilibrium price and quantity? 2) What price level will create a shortage of 40 units? 3) What price level will create a surplus of 40 units?
1) What is the
2) What price level will create a shortage of 40 units?
3) What price level will create a surplus of 40 units?
4) Using the midpoint formula, what is the price
5) Using the midpoint formula, what is the price elasticity of demand if the price changes $1.10 to $1.50?
6) If a
7) If a price floor is established at $1.00, a (shortage, surplus, neither, SELECT ONE will develop). If you selected a shortage ot surplus, what will be the quantitative imbalance (number)?
8) If a
9) If a price ceiling is established at $1.30, a (shortage, surplus, neither, SELECT ONE will develop). If you selected a shortage ot surplus, what will be the quantitative imbalance (number)?
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