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1. Supply and Demand Schedules for Rawlings Baseball Gloves ( 76 points) b. What are the equilibrium price and quantity in this example? ( 4

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1. Supply and Demand Schedules for Rawlings Baseball Gloves ( 76 points) b. What are the equilibrium price and quantity in this example? ( 4 points) c. At each price from the schedules above, determine whether there exists a shortage or surplus of the baseball gloves in the market and state the size of this shortage or surplus a each price. (24 points)

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