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If the Perfectly Competitive Market Demand for Cholesterol-Free Cookies Shifts

Question 27

Multiple Choice

If the perfectly competitive market demand for cholesterol-free cookies shifts from QD,93 = 1,150 - 5P to QD,94 = 1,640 - 5P,and the market supply is given by QS = -100 + 2P,then the change in equilibrium price will be:


A) $70.
B) $80.
C) $90.
D) $100.
E) $110.

Correct Answer:

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