-The above table gives the demand and supply schedules for cat food. What is the equilibrium price and quantity?
Definitions:
United States
A country located in North America, comprising 50 states, a federal district, and various territories, known for its large economy and diverse population.
Capital
Financial assets or the financial value of assets, such as cash and goods, used in production or to generate income.
Worker
An individual who provides labor or services to an employer in exchange for wages, salary, or other forms of compensation.
Output
The total amount of goods and services produced by an economy, business, or machine over a specific period.
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