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At a price of $ 4 . 9 1 per pound, the supply for cherries is 1 6 , 2 6 3 pounds, and the
At a price of $ per pound, the supply for cherries is pounds, and the demand is pounds. When the price drops to $ per pound, the supply decreases to pounds and the demand increases to pounds. Assume that the pricesupply and pricedemand equations are linear.
What is the equilibrium quantity? Round to the nearest pound.
pounds.
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