The following table represents the market for solar wireless keyboards. Plot this data on a supply and

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The following table represents the market for solar wireless keyboards. Plot this data on a supply and demand graph and identify the equilibrium price and quantity. Explain what would happen if the market price is set at $60, and show this on the graph. Explain what would happen if the market price is set at $30, and show this on the graph.

Quantity Demandéd Quantity Supplied Price $ 10.00 28 20.00 24 3 30.00 20 6. 40.00 16 50.00 12 12 60.00 15 70.00 18

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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