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1. Case 1: Market supply and demand models. Where is the quantity of chili demanded in 2020 at various price levels Price (P) Quantity (Q)

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1. Case 1: Market supply and demand models. Where is the quantity of chili demanded in 2020 at various price levels Price (P) Quantity (Q) 60.000 70 50.000 90 30.000 100 20.000 120 10.000 140 Number of chillies offered in 2020 at various price levels Price (P) Quantity (Q) 60.000 140 50.000 120 30.000 100 20.000 90 10.000 70 Draw a combination of the demand and supply curves on that axis! and explain what happens if the two dotted lines intersect

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