ECON 2100 Quiz: ECON 2100 Kennesaw State Quiz3Key ECON2100 Summer2009 Section04
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Consider a market in which the efficient level of trade is 30,000 units. Deadweight loss will be positive. will be equal to zero. will be negative. may be positive or negative (it depends upon how elastic supply is). Her reservation price as a buyer of this item is. If she buys a basketball from walmart she would. Consider a market in which demand is given by the linear demand function. Is demand elastic, inelastic, or unit elastic at a price of.
