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Please help me answer two questions listed below. More importantly i need to understand HOW to solve this... Many thanks for your help.- BrittanyA)What is the equilibrium price of wheat in the market? B)How much wheat will be produced at equilibrium in this market? Price----- Market demand-----Market Supply$1-------- 800 ----------100$2-----------750------------ 225$3--------- 667---------- 300$4-------- 600------- ---420$5------- 540--------475$6------- 525----- 525$7-------- 480--------600
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