Question: Use data in the table to draw two graphs: the market demand and supply curve, and the individual demand curve for the Apex Coal Mine.

Use data in the table to draw two graphs: the market demand and supply curve, and the individual demand curve for the Apex Coal Mine.

Apex is able to produce a maximum of 1,000 tons of coal per month. What is the market equilibrium price? Explain how you were able to derive the individual demand curve for Apex Coal.

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