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1. GRAPH THE FOLLOWING PRICE AND QUANTITY INFORMATION FOR ATHLETIC SHOES (normal good). Label the equilibrium point PRICE(S) QUANTITY DEMANDED (000) QUANTITY SUPPLIED (000) 15

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1. GRAPH THE FOLLOWING PRICE AND QUANTITY INFORMATION FOR ATHLETIC SHOES (normal good). Label the equilibrium point PRICE(S) QUANTITY DEMANDED (000) QUANTITY SUPPLIED (000) 15 225 75 20 200 100 25 180 140 30 170 142 35 162 148 40 150 150 45 145 155 50 130 170 55 110 200 60 80 225

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