Determine the most efficient way to run business

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Reference no: EM132196759

Question: Bob owns a roadside stand that sells rhubarb pie. Bob likes to experiment with various pricing strategies in order to determine the most efficient way to run his business. The table below depicts some recent price changes and responses by consumers. Graphically illustrate the appropriate demand and supply curves and where the shortages, surplus and market equilibrium price were found.

Reference no: EM132196759

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