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(0, 5, or 10) The following schedule is for bushels of apples in a local market. (a) What are the equilibrium price and quantity? Price

(0, 5, or 10)The following schedule is for bushels of apples in a local market.

(a) What are the equilibrium price and quantity?

Price Quantity Demanded Quantity Supplied

$14 400 1,200

$12 600 1,000

$10 800 800

$8 1,000 600

$6 1,200 400

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