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In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, and investors spend $500.

In Drewland, the money supply equals $1,000 and velocity of money is 3. The government budget is $300, consumers spend $1500, and investors spend $500. When producers supply a quantity of 30, then price equals

33.33.

100.

766.66.

2,300.

cannot be determined with the information provided.

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