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The table below shows the demand and supply for fuji apples in Peterborough. Price Quantity Demanded Quantity Supplied 1 Quantity Supplied 2 150 79 2
The table below shows the demand and supply for fuji apples in Peterborough. Price Quantity Demanded Quantity Supplied 1 Quantity Supplied 2 150 79 2 140 100 4 130 130 6 120 160 B 110 190 10 100 220 a. What is the equilibrium price and quantity traded? The equilibrium price is $ and the quantity traded is b. Suppose supply increases by 40. Complete the last column in the table above. c. What would be the price and quantity traded at the new equilibrium? The equilibrium price is $ and the quantity traded is d. After the increase in supply, at a price of $4 there would be a (Click to select) v of units
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