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Price The table below shows the market for olives (the quantities are in thousands of kilos per year). Plot the demand and supply curves
Price The table below shows the market for olives (the quantities are in thousands of kilos per year). Plot the demand and supply curves on the graph below and label them D and 5 for demand and supply. Be sure to include prices and quantities on the axes. What are the values for the equilibrium price and quantity? Prices Quantity Demanded Quantity Supplied 24 2 700 100 600 200 6 500 300 8 400 400 10 300 500 12 200 600 14 100 700 Quantity
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