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Unformatted text preview: 56. The quantity demanded each month of a certain brand of coee machine is 275 when the unit price is $50. For each decrease in unit price of $5 below $50, the quantity demanded increases by 30 units. The suppliers will not market any coee machines if the unit price is $30 or lower. But at a unit price of $60, they are willing to supply 400 units. Find the equilibrium quantity and the equilibrium price. 12...
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- Fall '08