Graph 9-2
This graph refers to the market for saddles in Argentina.
-According to Graph 9-2, the equilibrium price and the equilibrium quantity of saddles in Argentina before trade would be:
Definitions:
Data Set
A collection of related sets of information that consists of separate elements but can be manipulated as a unit by a computer.
Data Set
A collection of data, often used for analysis, typically consisting of related sets of information.
Median
A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.
Mean
The arithmetic average, found by adding a set of values and dividing the sum by the number of values in the set.
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