EC101sOutlines06Supply&DemandShifts

EC101sOutlines06Supply&DemandShifts - EC101 BB EE...

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EC101 BB & EE / Manove L 6 M k E ilib i d Lecture 6: Market Equilibrium and Shifts in Supply and Demand Supply & Demand p 1 EC101 BB & EE / Manove Example: The Market for Milk f In the market for milk described previously, market supply and demand are as follows. Price ($) Market Supply (Qts/day) Market Demand (Qts/day) 0.20 300 3200 0.40 600 2000 0.60 1200 1200 0.80 1800 600 1.00 2400 200 1.20 3600 100 Supply & Demand>Market for Milk p 2
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