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Consider the table of market adjustments below. Assuming the first point is on the demand curve, compute the equations of both the demand and supply

Consider the table of market adjustments below. Assuming the first point is on the demand curve, compute the equations of both the demand and supply curve. Using these equations, find the missing values A, B, C, D. What is the equilibrium point? Do you think the market will adjust to it?

QuantityPrice

3 0.7

0.14 0.7

0.14 0.986

0.1972 0.986

A = ? B = ?

C = ? D = ?

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