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Suppose that the three consumers from above are the only buyers of milk in a competitive market. If the price of milk is $1 per
Suppose that the three consumers from above are the only buyers of milk in a competitive market. If the price of milk is $1 per unit, the three consumers would respectively, purchase 8, 4 and 2 gallons of milk per month. Under these circumstnaces, what is the market demand of milk at $1
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