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The table below presents the demand and supply curves for microcomputers in Japan and the U.S.If there is no trade between the U.S. and Japan,
The table below presents the demand and supply curves for microcomputers in Japan and the U.S.If there is no trade between the U.S. and Japan, what is the equilibrium price in the computer market in the U.S.?
Price per Quantity Quantity Quantity Quantity Computer Demanded Supplied Demanded Supplied - U.S. - U.S. Japan - Japan $1000 90 30 50 50 $2000 80 35 40 55 $3000 70 40 30 60 $4000 60 45 20 65 $5000 50 50 10 70 $6000 40 55 O 75Step by Step Solution
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