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Consider the market for be in the diagram below: 70 60 50 Price (5) 40 10 20 10 D 100 200 300 400 500 600
Consider the market for be in the diagram below: 70 60 50 Price (5) 40 10 20 10 D 100 200 300 400 500 600 700 800 900 1.000 Beer (millions of cases) What is the equilibrium price and quantity of beer? s20 and 400 million cases of beer $20 and 500 million cases of beer $25 and 400 million cases of beer $25 and 500 million cases of beer
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