Question: Use the following table to work Problems 9 and 10, The table sets out the demand and supply schedules for college meals 9. a. What
Use the following table to work Problems 9 and 10, The table sets out the demand and supply schedules for college meals 9.
a. What is the market equilibrium? 3,500
b. If the college puts a price ceiling on meals at $7 a meal, what is the price students pay for a meal? How many meals do they buy?
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