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Given: Suppose you are given the following market supply and demand curves for energy drinks. Table: Demand Curve Price Quantity Demanded (in 1,000s of cans
Given: Suppose you are given the following market supply and demand curves for energy drinks. Table: Demand Curve Price Quantity Demanded (in 1,000s of cans per day) Point $0 20 F $5 15 E $7.50 12.5 D $10 10 C $15 5 B $20 0 A Supply Curve Price Quantity Supplied (in 1,000s of cans per day) Point $5 0 G $6 5 H $7 10 I $7.50 12.5 J $8 15 K $9 20 L $10 25 M $11 30 N Graph: Supply and demand graph; data in tables. Question: If unregulated, what is the equilibrium price
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