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QUESTION 70 The following price-quantity coordinates for gold used by U.S. dentists were observed: P = $875/ounce, Q = 342,000; P = $200/ounce, Q =

QUESTION 70

The following price-quantity coordinates for gold used by U.S. dentists were observed: P = $875/ounce, Q = 342,000; P = $200/ounce, Q = 706,000. These points most likely lie along the

a.

demand curve for dental use.

b.

equilibrium curve for dental use.

c.

production possibilities curve for dental use.

d.

supply curve for gold for dental use.

Explain

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