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October 25, 2014

Homework Help: Microeconomics

Posted by Elizabeth on Sunday, April 24, 2011 at 9:05pm.

Search: Consider two resource markets in which the demand curves slope downward. In market A, the supply curve is horizontal, equilibrium price is $6, and 100 units of the resource are hired. In market B, the supply curve is vertical, equilibrium price is $20, and 30 units of the resource are hired. Which of the following is true?

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