=+5. Lets assume that each person in the United States consumes an average of 37 gallons of

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=+5. Let’s assume that each person in the United States consumes an average of 37 gallons of soft drinks (nondiet) at an average price of $2 per gallon and that the U.S. population is 294 million. At a price of $1.50 per gallon, each individual consumer would demand 50 gallons of soft drinks. From this information about the individual demand schedule, calculate the

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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