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Consider we have the data for the competitive market of

1. Consider we have the data for the competitive market of burgers. The market equilibrium quantity is 180, the market equilibrium price is $3. The price elasticity of demand is -2, the price elasticity of supply is 1.2. Suppose the demand and supply curve is linear, derive the supply and demand curve.

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Business Economics: Consider we have the data for the competitive market of

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