16 The table gives the demand and supply schedules of sandwiches. a What is the maximum price...
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16 The table gives the demand and supply schedules of sandwiches.
a What is the maximum price that consumers are willing to pay for the 200th sandwich?
b What is the minimum price that producers are willing to accept for the 200th sandwich?
c Are 200 sandwiches a day less than or greater than the effi cient quantity?
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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