Cloclowat7647 Cloclowat7647

12-02-2024
Business

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Imagine a free market in which at a price of $10, quantity supplied is 50 units and quantity demanded is 40 units. Equilibrium price in this market
a. is less than $10.
b. differs from $10 in an indeterminate direction,
c. is greater than $10.
d. is equal to $10

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