The table below shows the amount of demand and supply for gold. What is the equilibrium price

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The table below shows the amount of demand and supply for gold. What is the equilibrium price and quantity in the market? Explain Now, imagine that because Bitcoin's interest, the demand for gold decreases by 2 tons a month. Calculate the new equilibrium price and quantity and explain why the direction of the price shift makes intuitive sense.

Posted Date: May 14, 2024 10:41 AM

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The table below shows the amount of demand and supply for gold. What is the equilibrium price

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