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If the prevailing price of shirts is S10 and at this price demanders demand 300 ...

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If the prevailing price of shirts is S10 and at this price demanders demand 300 shirts while suppliers are willing to supply 110 shirts, there is a

shortage at the S 10 price

shortage if price were to rise above $10

surplus at the $10 price

100%

equilibrium in this market

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