Micro and probability question

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Micro and probability question

Homer Simpson
Please explain your reasoning, particularly for second one :) Thank you!

“Operator! Give me the number for 911!”
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Re: Micro and probability question

The Villain
q1...1/3
q2...if there is excess supply even at zero price it means commodity is free good.
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Re: Micro and probability question

Homer Simpson
thanks, how did you get 1/3 for the first one?
“Operator! Give me the number for 911!”