Question: In September 2014 Apple was selling a gold version of the 128GB iPhone 6 for $949. Two days later that phone was advertised on eBay

In September 2014 Apple was selling a gold version of the 128GB iPhone 6 for $949. Two days later that phone was advertised on eBay for a starting bid of $1,625.
(a) Was this evidence of A: market shortage or B: market surplus?
(b) Graph this situation?

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a There is a market shortage b Explanation a This is an examp... View full answer

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