Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Answer Questions 17, 18, and 19 on the basis of the data
in the following table. Consider the following supply and
demand schedules for bushels of com.
Quantity
demanded
Quantity
supplied
Price
$20
395
200
22
375
250
24
350
290
26
320
320
28
280
345
30
295
365
17. The equilibrium price in this market is
(a) $22
回)24
(回 $26
(の $28
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