Question: Application 12 marks 1. Below is a supply and demand schedule for green beans. Quantity Demanded Price Quantity Supplied Elasticity of (per kg) Sales Revenue

Application 12 marks 1. Below is a supply and demand schedule for green beans. Quantity Demanded Price Quantity Supplied Elasticity of (per kg) Sales Revenue demand a) Complete the table on the previous page by calculating the sales revenue at each price and determining the demand elasticity for each price. (5 marks) b) b) Construct a demand and supply graph. What is the equilibrium price

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