The graph shows the demand and supply of dorm- room-sized fridges sold in Collegetown per semester. If

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The graph shows the demand and supply of dorm- room-sized fridges sold in Collegetown per semester. If the cost of shipping fridges to Collegetown falls, a possible new equilibrium price and quantity of fridges could be

a. P = $50; Q = 800.

b. P = $50; Q = 2000.

c. P = $40; Q = 1600.

d. P = $30; Q = 1200.

e. P = $30; Q = 2400.

Quantity (number of fridges per semester) 400 800 1200 1600 2000 2400 2800 3200 3600 4000 10 Price ($ per

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Introduction To Economics Social Issues And Economic Thinking

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Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 06:54 AM

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The graph shows the demand and supply of dorm- room-sized fridges sold in Collegetown per semester. If

Question:

Quantity (number of fridges per semester) 400 800 1200 1600 2000 2400 2800 3200 3600 4000 10 Price ($ per fridge) D

Step by Step Answer:

The correct answer is c If the cost of shipping fridges to Collegetown falls t...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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