a. 87. Refer to Figure 4-8. If there is currently a shortage of 30 units of...

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a. 87. Refer to Figure 4-8. If there is currently a shortage of 30 units of the good, then the law of demand predicts that the price will rise by $5 to eliminate the shortage. b. the law of supply predicts that the price will rise by $5 to eliminate the shortage. the law of supply and demand predicts that the price will rise by $3 to eliminate the shortage. C. d. the law of supply and demand predicts that the price will fall from its current level by an indeterminate amount, exacerbating the shortage. 0 drive.google.com/folde $20 18 16 14 12 10 8 a. b. 6 4 2 C. d. 86. Refer to Figure 4-8. In this market, equilibrium price and quantity, respectively, are $14 and 70. Nort=13direction a&fbcd-wAROWCE2pWRAL METAOODGATE I 0544 0 10 20 30 40 50 60 70 80 90 100 Quantity $12 and 40. $10 and 50. $8 and 50. a. 87. Refer to Figure 4-8. If there is currently a shortage of 30 units of the good, then the law of demand predicts that the price will rise by $5 to eliminate the shortage. b. the law of supply predicts that the price will rise by $5 to eliminate the shortage. the law of supply and demand predicts that the price will rise by $3 to eliminate the shortage. C. d. the law of supply and demand predicts that the price will fall from its current level by an indeterminate amount, exacerbating the shortage. 0 drive.google.com/folde $20 18 16 14 12 10 8 a. b. 6 4 2 C. d. 86. Refer to Figure 4-8. In this market, equilibrium price and quantity, respectively, are $14 and 70. Nort=13direction a&fbcd-wAROWCE2pWRAL METAOODGATE I 0544 0 10 20 30 40 50 60 70 80 90 100 Quantity $12 and 40. $10 and 50. $8 and 50.

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Answer Q 86 c 10 and 50 The equilibrium is determined at the level where the Demand ... View the full answer