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The Table Shows Individual Demand Schedules for a Market

Question 154

Multiple Choice

The table shows individual demand schedules for a market. What is the equilibrium price in this market? A) $0.50 B) $1.50 C) $2.00 D) The equilibrium price cannot be determined without more information. The table shows individual demand schedules for a market. What is the equilibrium price in this market?


A) $0.50
B) $1.50
C) $2.00
D) The equilibrium price cannot be determined without more information.

Correct Answer:

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