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9,000 12,000 Quantity (bushels per month) 2. Refer to the table below which shows the demand and supply schedules for used copies of this text
9,000 12,000 Quantity (bushels per month) 2. Refer to the table below which shows the demand and supply schedules for used copies of this text book and answer the question that follows. Draw the demand and supply graphs and Calculate the consumer surplus and producer surplus at equilibrium in this text book market. Price of book $ Quantity demanded Quantity Supplied 55 50 10 60 35 1 65 25 3 70 17 3 75 14 6 80 12 9 85 10 10 90 8 18 95 6 22 100 4 31 105 N 37 110 0 42 O Rain... Co F3 F4 F5 6 F7 8 F9 F10 gauge A & 3 5 6 7 8 CO
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