You're given the following supply and demand tables: a. What is equilibrium price and quantity in a

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You're given the following supply and demand tables:
You're given the following supply and demand tables:
a. What is

a. What is equilibrium price and quantity in a market system with no interferences?
b. If this were a third-party-payer market where the consumer pays $2, what is the quantity demanded? What is the price charged by the seller?
c. What is total spending in the two situations described in a and b?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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