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Business, 03.04.2020 16:49 chynahbug5676

The market for cement in a small town is defined by a demand curve that passes through the points ($50/ton, 300 tons), ($100/ton, 200 tons), ($150/ton, 100 tons). Meanwhile we know the supply curve passes through the points ($150/ton, 300 tons), ($100/ton, 200 tons), ($50/ton, 100 tons). If the market starts in a surplus of 200 tons, how much must the price change before the market is in equilibrium?

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