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Use the following Figure 2 to answer questions 7, 8, & 9: Box 1 Box 3 Box 4 Box 6 Figure 2 7. In Figure 2 above, Box 1 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 8. In Figure 2.1 above, Box 5 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 9. In Figure 2 above, a "S" for Supply would go in d. Box 6 a. Вох 2 b. Box 4 с. Вох 5

Use the following Figure 2 to answer questions 7, 8, & 9: Box 1 Box 3 Box 4 Box 6 Figure 2 7. In Figure 2 above, Box 1 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 8. In Figure 2.1 above, Box 5 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 9. In Figure 2 above, a "S" for Supply would go in d. Box 6 a. Вох 2 b. Box 4 с. Вох 5

Macroeconomics
Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter4: Prices: Free, Controlled, And Relative
Section: Chapter Questions
Problem 2WNG
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Use the following Figure 2, to answer questions 7, 8, & 9: Box 1 Box 3 Bcx S Box 6 Box 4 Figure 2 7. In Figure 2 above, Box 1 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 8. In Figure 2.1 above, Box 5 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 9. In Figure 2 above, a "S" for Supply would go in a. Box 2 b. Воx 4 с. Вох 5 d. Box 6
Transcribed Image Text:Use the following Figure 2, to answer questions 7, 8, & 9: Box 1 Box 3 Bcx S Box 6 Box 4 Figure 2 7. In Figure 2 above, Box 1 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 8. In Figure 2.1 above, Box 5 would be labeled a. P* for equilibrium price c. S for supply b. P for price d. D for demand 9. In Figure 2 above, a "S" for Supply would go in a. Box 2 b. Воx 4 с. Вох 5 d. Box 6
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