7 The table sets out the demand and supply schedules for chewing gum. | Price (cents per...
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7 The table sets out the demand and supply schedules for chewing gum.
| Price (cents per packet) | Quantity demanded (millions of packets per week) | Quantity supplied (millions of packets per week) |
|---|---|---|
| 20 | 180 | 60 |
| 30 | 160 | 80 |
| 40 | 140 | 100 |
| 50 | 120 | 120 |
| 60 | 100 | 140 |
| 70 | 80 | 160 |
| 80 | 60 | 180 |
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Related Book For
Economics
ISBN: 9781503632943
5th Edition
Authors: Douglas McTaggart, McTaggart Findlay & Parkin, Christopher Findlay, Michael Parkin
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