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Exercise and reference answers

Questions

1. Answer

   2

   Question

   Curves that must cross to set equilibrium

2. Answer

   1

   Question

   Prices at which demand equals supply

3. Answer

   2

   Question

   Directions a demand curve can shift sideways

4. Answer

   0

   Question

   Effective demand of a buyer with no money

5. Answer

   1

   Question

   Points on a curve that one price picks out

6. Answer

   2

   Question

   Kinds of legal price limit, cap and base

Instructions

Type the number only.

Explanation