Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 4, Problem 4SPPA
To determine

State of market equilibrium if the price is $70 and adjustment of the market to the equilibrium with the increase in price of shoes to 100.

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