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Fed [463]
3 years ago
13

(01.04 MC)

Social Studies
1 answer:
stepladder [879]3 years ago
8 0

Answer:

A. The price would drop to 0.5.

Explanation:

The graph shows that for every increase of 100 units of the goods demanded, price reduces by 1 unit.

When 500 units was demanded, the price was at 1. Therefore, if 550 units are demanded, the price will reduce by half, which means the price would drop to 0.5.

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