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The following table shows the demand and supply curve for cookies. Supply and Demand Schedule of Cookies Price (cents) Quantity of Cookies Demanded Quantity of

  1. The following table shows the demand and supply curve for cookies.

Supply and Demand Schedule of Cookies

Price (cents) Quantity of Cookies Demanded Quantity of Cookies Supplied
0.70 10 200
0.60 20 180
0.50 40 160
0.40 70 140
0.30 110 110
0.20 160 70
0.10 240 10

  1. Plot the demand and supply curves for cookies.

  1. If the quantity demanded increases by 70 cookies at every price, what is the equilibrium price?__________

  1. If the quantity demanded increases by 70 cookies at every price, what is the equilibrium quantity? __________

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