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Illustrate the following with supply and demand curves:

Cranberry production in Massachusetts totaled 1.85 million barrels in​ 2013, a 15 percent decrease from the 2.12 million barrels produced in 2012. Demand decreased by even more than​ supply, dropping 2013 prices to​ $32.30 per barrel from​ $47.90 in 2012.

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Answer:

Please see attachment

Step-by-step explanation:

Please see attachment

Illustrate the following with supply and demand curves: Cranberry production in Massachusetts-example-1
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User Stalso
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