Question: [Related to Solved Problem 10.1 ] Review Solved Problem 10.1 and then answer the following: Suppose the equilibrium price of hockey sticks falls to $2.50.

[Related to Solved Problem 10.1

] Review Solved Problem 10.1 and then answer the following: Suppose the equilibrium price of hockey sticks falls to $2.50. Now how many hockey sticks will Andy produce? What price will he charge?

How much profit (or loss) will he make?

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