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19 October, 12:00

A new CD is being marketed to teens at a price of $20. The suppliers are selling all of the CDs they have, and the teens are getting all of the CDs they are demanding, so $20 could be defined as the CD's. a. average price b. equilibrium price c. maximum price d. minimum price

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Answers (2)
  1. 19 October, 13:26
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    I believe the answer is B. equilibrium price
  2. 19 October, 14:39
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    Out of the choices given, $20 can be defined as the CD's equilibrium price. The correct answer is B, equilibrium price.
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