Business, 17.02.2022 04:00 loroloco71
In a given market, the market equilibrium price and quantity are $120 and 5 million units, respectively. At a price of $100, 4.8 million units are supplied, and 5.2 million units are demanded. It can be said that at a price level of $100 there is a .(1 point)
a shortage of 0.2 million units
a surplus of 0.4 million units
a shortage of 0.4 million units
a surplus of 0.2 million units
Answers: 1
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In a given market, the market equilibrium price and quantity are $120 and 5 million units, respectiv...
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