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Sagot :
The equilibrium price in a market is the price where the quantity demanded of the products are equal
The equilibrium price in the market is $2
How to determine the equilibrium price
From the given supply and demand data for wheat:
When the price is $2, the quantity demanded and the quantity supplied for wheat is 61
This means that the equilibrium price $2
Hence, the equilibrium price in the market is $2
Read more about equilibrium price at:
https://brainly.com/question/13925210
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