Demand for and Supply of Greebes PRICE $ per Greebe QUANTITY DEMANDED (millions of Greebes) QUANTITY SUPPLIED (millions of Greebes) $ ppt download
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SOLVED: Price Per Unit Quantity Demanded Per Year Quantity Supplied Per Year 5 2,000 010 1,800 300 15 1,600 60020 1,400 900 25 1,200 1,20030 1,000 1,500 Refer to the above table. A surplus of 500 units will occur when the price is 15 per unit.
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a. Equilibrium price in this market is [{Blank per unit. b. Equilibrium quantity in this market is [{Blank units. At a price of $8, quantity demanded is equal to [{Blank units and
