pllsss urgenttt

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pllsss urgenttt

SoniaKapoor



pls help with the second one
MA Economics
DSE
2014-16
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Re: pllsss urgenttt

Granpa Simpson
The answer will be c. This is because equilibrium price is the one at which the market clears..check for all the prices and there will exist excess demand...however in the range (16,17) this excess demand will converge to zero and hence the equilibrium price will be in the range (16,17)
 "I don't ride side-saddle. I'm as straight as a submarine"
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Re: pllsss urgenttt

mrittik
In reply to this post by SoniaKapoor
50p-500=2000-100p=.p=16.67, which is 16<p<17......clear?