Answer:
b. is $34 per ounce
Step-by-step explanation:
If the production cost were less, a competitor would drive the price down. If the production cost were more, the supplier would go out of business.
Since we're at equilibrium, the production cost must be equal to $34 per ounce.
Its 12 because 4 times 12 is 48 if you add 7 to 48 you get 55
The absolute value of 3 and the absolute value of negative 3. they have the same distance from 0
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