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EC101 BB & EE / ManoveL6 MkEilib idLecture 6: Market Equilibrium and Shifts in Supply and DemandSupply & Demandp 1EC101 BB & EE / ManoveExample:The Market for MilkfIn the market for milk described previously, market supply and demand are as follows.Price ($)Market Supply (Qts/day)Market Demand (Qts/day)0.2030032000.4060020000.60120012000.8018006001.0024002001.203600100Supply & Demand>Market for Milkp 2
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