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The demand and supply for strawberries in Pacifico are as follows: src="/qa/attachment/11096002/" alt="1581432038(1).png" /> ATTACHMENT PREVIEW Download attachment 1581432038(1).png The demand and supply for strawberries in Pacifico are as follows: a) Suppose that the supply of strawberries increase by 40 percent. Find the new quantity supplied in the table below. Quantity Initial Price (\$) Demanded Quantity New Quantity Supplied Supplied 200 40 1.25 180 60 1.5 160 80 1.75 140 100 2 120 120 2.25 100 140 2.5 80 160 ooo ooo O b) What are the equilibrium price and equilibrium quantity for the initial supply? Equilibrium Price =\$0 Equilibrium Quantity = 0 c) What are the equilibrium price and equilibrium quantity for the new supply? Equilibrium Price = \$0 Equilibrium Quantity = 0

Price Quantity demanded Initial quantity supplied New quantity supplied 1 200 40 56 1.25... View the full answer

ans 1 price 2 and quantity 120 where supply=Demand 2 price=1.75... View the full answer

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