The demand and supply for catnip are given by the following tables: What quantity is sold in
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What quantity is sold in equilibrium, and at whatprice?
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Demand Supply Price Quantity 50/lb 10 lb 1.00 1.50 2.00 2.50 3.00 Price Quantity $.50/lb 4lb 1.00 1.50 2.00 2.50 3.00 7 4 10
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Equilibrium is the point where demand and supply are eq...View the full answer
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