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# 2: Consider the table of market adjustments for a commodity below (price and quantity are in appropriate units). Assume the demand and supply curves
# 2: Consider the table of market adjustments for a commodity below (price and quantity are in appropriate units). Assume the demand and supply curves are straight lines and that the first and third points are on the demand curve and the second and fourth points are on the supply curve. Find the equilibrium point and the values of qs and ps after the next adjustment. Will the market adjust to equilibrium? quantity 3|113| 45 price 1 1 3 3 PS # 2: Consider the table of market adjustments for a commodity below (price and quantity are in appropriate units). Assume the demand and supply curves are straight lines and that the first and third points are on the demand curve and the second and fourth points are on the supply curve. Find the equilibrium point and the values of qs and ps after the next adjustment. Will the market adjust to equilibrium? quantity 3|113| 45 price 1 1 3 3 PS
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