Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
18th Edition
ISBN: 9780134004624
Author: Roger LeRoy Miller
Publisher: PEARSON
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Question
Chapter 11, Problem 2CTQ
To determine
The impact of drought on the
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Suppose the price level falls. The result is that
What is true about equilibrium price level?
a.
There will be some surplus in the economy
b.
There will be some shortages in the economy
c.
There will be either surplus or shortages in the economy
d.
There will be neither surplus nor shortages in the economy
what is the equilibrium price level?
Chapter 11 Solutions
Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
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