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(Solved): The following graph shows the annual market for Michigan blueberries, which are sold in units of 5 ...



The following graph shows the annual market for Michigan blueberries, which are sold in units of 50 -pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool \table[[Market for Michigan Blueberries],[\table[[PPrice],[(Dollars per],[box)]],20,,],[\table[[Quantity],[Demanded],[(Millions of],[boxes)]],378,\table[[Quantity],[Supplied],[(Millions of],[boxes)]],280]] In this market, the equilibrium price is

per box, and the equilibrium quantity of blueberries is million boxes. For each of the prices listed in the following table, determine the quantity of blueberries demanded, the quantity of blueberries supplied, and the direction of pressure exerted on prices in the absence of any price controls. \table[[\table[[Price],[(Dollars per box)]],\table[[Quantity Demanded],[(Millions of boxes)]],\table[[Quantity Supplied],[(Millions of boxes)]],Pressure on Prices],[30,,,

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