Assume that the equilibrium price for a good

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Assume that the equilibrium price for a good is $7 and the equilibrium quantity is 100 units per week. At a price of $4:

a. there would be a surplus

b. quantity supplied would be greater than quantity sold

c. quantity demanded would be greater than quantity sold

d. quantity sold would be less than quantity purchased

e. none of the above

Reference no: EM131244534

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