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Suppose that the supply and demand schedule for Maine lobsters is as follows: Price 20 15 10 5 (pounds) 1,000 200 Qd from US (pounds)

Suppose that the supply and demand schedule for Maine lobsters is as follows:

Price 20 15 10 5 (pounds) 1,000 200 Qd from US (pounds) 1,000 Qd from France (pounds) 1,000

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