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jonaschem16 jonaschem16
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A year ago
The table shows the quantity of mystery books that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
5.006039
5.255241.5
5.504444
5.753646.5
6.002849
Assume that at each price, quantity demanded decreases by 2.5 and quantity supplied increases by 8. What is the new equilibrium price and quantity?

▸ $5.25, 49.5

▸ $5.75, 49.5

▸ $5.25, 54.5

▸ $5.75, 54.5
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jd1044jd1044
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A year ago
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jonaschem16 Author
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A year ago
Smart ... Thanks!
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Thanks
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2 hours ago
Thanks for your help!!
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