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Problem 1 The following table represents information about the market for pick-up trucks. The quantity demanded and the quantity suppliedare measured in millions. Price of

Problem 1
The following table represents information about the market for pick-up trucks. The quantity demanded and the quantity suppliedare measured in millions.
Price of truck Quantity demanded of Quantity supplied |New quantity supplied trucks per year of trucks per year of trucks per year $20000 20 14 25000 18 15 30000 16 16 35000 14 17 40000 12 18

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