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 elasticity of
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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