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Consider the following demand and supply schedules for coffee:
Price per cup
Quantity Demanded
(Cups)
Quantity Supplied
(Cups)
$9
2
10
$7
4
8
$5
6
6
$3
8
4
$1
10
2
What is the price when the market is in equilibrium?
Consider the following demand and supply schedules for coffee:
Price per cup |
Quantity Demanded (Cups) |
Quantity Supplied (Cups) |
$9 | 2 | 10 |
$7 | 4 | 8 |
$5 | 6 | 6 |
$3 | 8 | 4 |
$1 | 10 | 2 |
What is the price when the market is in equilibrium?
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Divya SinghLv10
22 Dec 2020