ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Consider the market for product ABC, when the
How much is the price of product ABC when no one wants to sell the product?
How much is the gap at price of Php 18?
How much is the price of product ABC when no one wants to buy it?
Choices:
shortage ; 3.75
6
decrease ; 0.25
shortage ; 1.5
36
increase ; 0.5
-3
9
increase ; 0.25
5
decrease ; 0.5
surplus ; 1.5
16
surplus ; 3.75
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