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6a. What is the equilibrium price?A $2.50B $2.00C$1.50D $1.006b. What is the equilibrium quantity?A 90B 70C 60D 50E 306c. What is the quantity demanded at

6a. What is the equilibrium price?A $2.50B $2.00C$1.50D $1.006b. What is the equilibrium quantity?A 90B 70C 60D 50E 306c. What is the quantity demanded at $2.50?A 90B 70C 60D 50E 306d. What is the quantity supplied at $2.50?A 90B 70C 60D 50E 306e. What is the economic condition at $2.50?A EquilibriumB SurplusC ShortageD profit maximization 6f. What would happen in the long run?O Price will increaseO Price will decreaseO Price will remain the sameO Not enough information

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6. Refer to the graph below for chocolate to answer Questions 6a to 6n. P $4.50 $4.00 $3.50 $3.00 S $2.50 $2.00 $1.50 $1.00 $0.50 D 0 10 20 30 40 50 60 70 80 90 100

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