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Stores are overflowing with the latest vampire novel at $10. Store managers are frustrated with the lack of sales. The equilibrium price for this novel is
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Stores are overflowing with the latest vampire novel at $10. Store managers are frustrated with the lack of sales. The equilibrium price for this novel is

User Mojtaba Kamyabi
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2 Answers

1 vote

Answer:

Less than $10

Step-by-step explanation:

User Valera Shutylev
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3.1k points
5 votes

Answer:

Less than $10

Step-by-step explanation:

If at the market price, the books aren't being purchased, it indicates that prices are too high and supply exceeds demand. The market price is above equilibrium price. In the same vein, the equilibrium price is less than $10.

I hope my answer helps you

User Bentobox
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