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The supply and demand for 15 pound turkeys at one grocery store is as follows: Quantity Supplied / Price / Quantity Demanded 300$100 250$8100 200$6200
The supply and demand for 15 pound turkeys at one grocery store is as follows:
Quantity Supplied / Price / Quantity Demanded
300$100
250$8100
200$6200
150$4300
100$2400
1. What is the equilibrium price for turkeys at this store?
2. What is the equilibrium quantity of turkeys at this store?
3. Explain why a price of $10 is not the equilibrium. 5. Explain why a price of $2 is not the equilibrium.
Thank you
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