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The table below contains typical economic data. It shows the quantity of a good that is demanded by purchasers and the quantity supplied by producers at various prices.

Price Quantity Demanded Quantity Supplied
$100 10 25
$80 20 20
$60 30 15
$40 40 10
$20 50 5
$0 60 0
     

At which price are quantities demanded and quantities supplied the same?

$100

$80

$40

$0

At which price is the quantity supplied equal to 10?

$100

$80

$40

$0

Refer to the table in question 1.

At which price is the quantity demanded less than the quantity supplied?

$100

$80

$40

$0

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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