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Price and quantity a. What is the equilibrium price and quantity traded? Price: Quantity: b. Suppose that supply increases by 30. Complete the column in

Price and quantity

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a. What is the equilibrium price and quantity traded? Price: Quantity: b. Suppose that supply increases by 30. Complete the column in Table 2.12. TABLE 2.12 Quantity Quantity Quantity Price Demanded Supplied 1 Supplied 2 ANO 180 90 170 110 160 130 1 1 6 150 150 8 140 170 10 130 190 c. What would be the price and quantity traded at the new equilibrium? Price: Quantity: d. After the increase in supply, what would be the surplus/shortage at a price of $8? Surplus/shortage of

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