1.
a) drawn...
b) 30 people
c) 100$ in revenue
d) 112$ in revenue, slightly higher in revenue.
2.
Agreed, quantity increases and can be tracked however the price cannot be determined.
Disagree, as long as both curves are overlapping a market equilibrium can be determined.
3. ?
4.a) movement along the curve
b) shifts the curve
c) movement along the curve
5.When P = $6.56 and Q = 1521.36
6. ?
7. ?
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