I wanted to double check my answers. For #1 I thought it was an excess demand by subtracting 150 from 50 because they are selling at .75, which would cause an excess demand of 100. For #3 I was pretty confused and sort of just an educated guess. I showed my work for questions 4 & 5. Any help would be great!
For question 1, the answer is correct For question 3, the answer is d)=... View the full answer