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Question 4 The table below provides the quantity demanded and supplied of pens. 3) Determine the equilibrium price and quantity of pens? (2 marks) b)

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Question 4 The table below provides the quantity demanded and supplied of pens. 3) Determine the equilibrium price and quantity of pens? (2 marks) b) Use the infonnation given in the table to explain the effects of a price ceiling of a pen at $60 per unit? (4 marks) c) Use the information given in the table to explain the effects of a price ceiling of a pen at $30 per unit? (4 marks)

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