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Assume that you're planning to sell bracelets in New York. In the Bronx, 5,000 bracelets are demanded at $10, while 10,000 are demanded at $5.
Assume that you're planning to sell bracelets in New York. In the Bronx, 5,000 bracelets are demanded at $10, while 10,000 are demanded at $5. In Manhattan, at $10, the quantity demanded is 7,000 bracelets, whereas at $5 it is 12,000. Which of the following statements is true? For $5, you can sell a total of 26,000 bracelets For $5 you can sell a total of 22,000 bracelets For $20, you can sell a total of 12,000 bracelets For $10, you can sell a total of 10,000 bracelets
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