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The following table shows the demand and supply of ice-cream market. Price (RM) Quantity Demanded (units) Quantity Supplied (units) 2.50 550 150 3.00 450 250

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The following table shows the demand and supply of ice-cream market. Price (RM) Quantity Demanded (units) Quantity Supplied (units) 2.50 550 150 3.00 450 250 350 3.50 350 450 4.00 250 550 4.50 150 a. Sketch the market equilibrium of ice-cream market. State the equilibrium price and quantity of ice-cream

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