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Consider a simple economy that produces two goods: coffees and paper plates. The following table shows the prices and quantities of the goods over a
Consider a simple economy that produces two goods: coffees and paper plates. The following table shows the prices and quantities of the goods over a three-year period. Year Coffees Paper plates Price Quantity Price Quantity (Dollars per coffee) (Number of coffees) (Dollars per paper plate) (Number of paper plates) 2020 2 215 3 155 2021 4 135 3 210 2022 2 150 3 190
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