Question

In this market, the equilibrium price is $_______ per box, and the equilibrium quantity of oranges is _______ million boxes.

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In this market, the equilibrium price is $_______  per box, and the equilibrium quantity of oranges is _______  million boxes. 


For each of the prices listed in the following table, determine the quantity of oranges demanded, the quantity of oranges supplied, and the direction of pressure exerted on prices in the absence of any price controls.

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