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The table sets out demand and supply schedules for bubble gum. Study the table and answer the following question? Quantity Demanded Quantity Supplied Price (cents
The table sets out demand and supply schedules for bubble gum. Study the table and answer the following question?
Quantity Demanded | Quantity Supplied | |
Price (cents Per Packet) | (millions of Packets a week) | |
20 | 180 | 60 |
40 | 140 | 100 |
60 | 100 | 140 |
80 | 60 | 180 |
100 | 20 | 220 |
Draw the graph of the gum market and label the axes and the curves and mark the equilibrium price and quantity
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