There will be 4 questions posted and need to do 3 of them.

The exam starts on Monday(9.23) at 4:05 P.M. and ends at 5:35 P.M. (EDT)

Here is an example of the questions:

1. Explain the concept of an equilibrium price; carefully explaining in what way the price is an equilibrium price. Your explanation should include how market forces restore equilibrium if it is disturbed.

For more examples, please see the attached file.

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