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Microeconomics Midterm - Part 2 of 3!
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Problem 11
Problem 12
Problem 13
Problem 14
Problem 15
Problem 16
Problem 17
Problem 18
Problem 19
Problem 20
Problem 21
Problem 22
Problem 23
Problem 24
Microeconomics Midterm - Part 2 of 3!
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15 of 24
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3. The Market Forces of Supply and Demand / Effects of Shortage / Problem 15
Problem 15
If the quantity supplied is 10 units and the quantity demanded is 25 units at a price below equilibrium, what is the shortage amount?
A
15 units
B
5 units
C
10 units
D
35 units
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