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    Exam 3: Collecting Information and Forecasting Demand
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    Suppose 100 Million People Consume Black Tea Every Year, and an Average
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Suppose 100 Million People Consume Black Tea Every Year, and an Average

Question 74

Question 74

Short Answer

Suppose 100 million people consume black tea every year, and an average consumer consumes 8 kgs of tea at an average price of $3 per kg. Compute the total market potential for tea.

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