Econ 202 final exam 2024 Study guides, Class notes & Summaries

ECON 202 Final Exam 2023 All Questions and Answers (CSU) As a student representative, one of your roles is to organize a secondhand textbook market between the current and former first-year students. After a survey, you estimate the demand and supply curves to be the ones shown in Figures 8.1 and 8.2. For example, you estimate that pricing the book at $7 would lead to a supply of 20 books and a demand of 26 books. Which of the following statements is correct?