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Price per kilo Quantity De santity Supplied $1.00 200 1.50 250 2.00 300 2.50 3.50 350 450 400 500 (1) What are the equilibrium values

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Price per kilo Quantity De santity Supplied $1.00 200 1.50 250 2.00 300 2.50 3.50 350 450 400 500 (1) What are the equilibrium values of price and quantity? (1 Point) (Il) Identify and explain the difference between quantity demanded and demand? (2 Points) (Ill) The demand function is Od = 50 - 4P, supply function is Os = 20 + 2P. Calculate the price and equilibrium quantity. (3 Points)

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