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See the following table to answer questions about the demand and supply of DVDs. A) What is the equilibrium price per DVD? B) At a price of $12 per DVD: a. A surplus of 70 DVDs occurs

See the following table to answer questions about the demand and supply of DVDs.

A) What is the equilibrium price per DVD?

B) At a price of $12 per DVD:

a. A surplus of 70 DVDs occurs

b. Equilibrium in the market for DVDs is reached

c. A shortage of 50 DVDs occurs

d. A shortage of 20 DVDs occurs

e. A surplus of 20 DVDs occurs

May 09 2021 View more View Less

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