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Economics · May / June 2020 · Paper 11 · Question 6

2281Price determination

The diagram shows market demand and supply curves. To what extent is the market in disequilibrium at price P3?

  1. AOQ1 – OQ2
  2. BOQ1 – OQ3
  3. COQ2 – OQ4
  4. DOQ3 – OQ5

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Correct answer: D. OQ3 – OQ5

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