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At a price of $6, the market will experience _________ in the amount of ________ units?

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Final answer:

At a price of $6, the profit-maximizing output level would adjust based on the supply and demand reactions to the price change. Producers are likely to supply more units to maximize profits, while consumers may demand fewer units due to the higher price. To find the exact figures, one would need to reference supply and demand equations.

Step-by-step explanation:

When the market price increases to $6, the profit-maximizing output level is determined by how many units producers are willing to supply at that price and how many units consumers are willing to purchase.

In general, as prices increase, the quantity supplied by producers tends to increase because they can potentially make more profit; however, the quantity demanded by consumers tends to decrease because the higher price may discourage purchases. This relationship is fundamental to supply and demand theory.

In this example, if producers were supplying a number of units at a lower price and then the price increases to $6, we would expect them to supply more units to maximize profits. Nevertheless, without the specific supply equation, we cannot determine the exact number of units.

Similarly, consumers will likely demand fewer units at the higher price. The actual change in profit-maximizing output level depends on the sensitivity of demand and supply to the price change, which is measured by the price elasticity of demand and supply. The exercise would involve plugging $6 into both the demand and supply equations and finding the equilibrium quantity where supply equals demand at the new price point.

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