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Supply and Demand for Ice Cream Price Q. Demanded Q. Supplied $1.00 100 25 $2.00 95 50 $3.00 90 75 $4.00 85 100 $5.00 80
Supply and Demand for Ice Cream Price Q. Demanded Q. Supplied $1.00 100 25 $2.00 95 50 $3.00 90 75 $4.00 85 100 $5.00 80 125 Using the demand and supply schedule, what is the equilibrium price for pints of premium ice cream? Select one or more: A. Approximately $ 4.40 B. The equilibrium price cannot be estimated with the given information. C. Approximately $ 3.40 D. Exactly $ 3.00 E. Approximately $ 2.40
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