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Draw the Supply and Demand curves for a bushel of apples assuming each supplier can sell at most one bushel ($0 cost if no sale)
Draw the Supply and Demand curves for a bushel of apples assuming each supplier can sell at most one bushel ($0 cost if no sale) and each buyer can buy at most one bushel.
What are the equilibrium Price and Quantity?
Which traders trade in equilibrium. Why?
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