Refer to the information provided in Figure 3.14 below to answer the question(s) that follow. Figure 3.14Refer to Figure 3.14. The market for sunglasses ________ at a price of $60 and a quantity of 450 sunglasses.

A. has a shortage
B. has a surplus
C. is in equilibrium
D. cannot remain in business


Answer: C

Economics

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During a recession, banks are likely to

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If individual A has comparative advantage in painting and individual B has comparative advantage in carpentry, then

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Economics