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justus:

The existence of long lines at stores selling the Sony PS3 game console when it first came out indicates that Select one: a. the PS3 was priced at the market equilibrium price. b. the price of the PS3 was below the equilibrium price c. there's a sucker born every minute d. the price of the PS3 was above the equilibrium price

justus:

ahahah what is c

justjm:

Well if there are long lines...this means two things: 1) very high demand 2) or a shortage which means long waiting times and long lines These both correlate to a price below the equilibrium price |dw:1581300470801:dw|

justus:

Thank you soooo sooo sooo sooo soo soo soooo soo much <3

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