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The demand for olive oil is given by 120 4pd and the supply of olive oil given by 2ps 30, where pd is the price

The demand for olive oil is given by 120 4pd and the supply of olive oil given by 2ps 30, where pd is the price paid by consumers (demanders) and ps is the price received by producers (suppliers) measured in dollars per hundred gallons. Quantities demanded and supplied are in hundred-gallon units

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