Consider the following demand and supply curves: The curves intersect a...

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Consider the following demand and supply curves:

The curves intersect at (Q, P) = (24, 8). Based on

this information, which of the following is correct?

At $8, some of the sellers have an incentive to increase their selling price.

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At price $10, there is an excess demand for the textbook.

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At $8, the market clears.

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40 books will be sold in total.

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