Refer to the diagram. a price of $60 in this market will result in

Refer to the diagram below. A price of $60 in this market will result in: Supply S60 40 1 Price 1 1 - 20 Demand 50 100 150 20

Answer

Equelibrium pout (150,40) when Price is 60 demand is 100 and Supply is 200 so this is suppleus of (200-100) = loo units @ @ o

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