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solve plzz 5. (16) Consider the market for milk from the Febmary 3 quiz: P = 1700 2062 P = 500 + 40) (a) You

solve plzz

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5. (16) Consider the market for milk from the Febmary 3 quiz: P = 1700 2062 P = 500 + 40) (a) You found that the equilibrium quantity was 20 and the equilibrium price was 1300. Illustrate this on a well-labeled graph. (b) Below are some quotes 'om recent news articles about the popularity of "al- temative milks" that is men-dairy milks. Assume that the above equilibrium represents the global market for dairy milk in 2008. Add to it the state of the market today, based on these quotes. No need for exact numbers, just make clear the direction(s) of shift(s) of any curve(s), and explain why. And make clear the direction(s) of shift(s) of any variable(s), and explain why

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