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Question 1 Given the table below: table [ [ Price , table [ [ Quantity Demanded ] , [ Per Month ] ]
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Given the table below:
tablePricetableQuantity DemandedPer MonthtableQuantity SuppliedPer Month$$$$$
What is the equilibrium price and the equilibrium quantity?
Suppose the price is currently $ What problem would exist in the market? What would you expect to happen to price?
Suppose the price is currently $ What problem would exist in the market? What would you expect to happen to price?
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