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The following table gives the demand and supply schedules for widgets. PRICE QUANITITY DEMANDED QUANTITY SUPPLIED $25 164 260 $20 176 240 $15 188 220
The following table gives the demand and supply schedules for widgets.
PRICE | QUANITITY DEMANDED | QUANTITY SUPPLIED |
$25 | 164 | 260 |
$20 | 176 | 240 |
$15 | 188 | 220 |
$10 | 200 | 200 |
$5 | 212 | 180 |
The equilibrium price in this market is $ _______.
The equilibrium quantity in this market is ________ units.
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