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Suppose the demand and supply of a market are characterized by the following graph. p 525 Supply 20 15 10 ...._..l Demand 50 100 Q a. Identify the equilibrium price and quantity that this market will eventually achieve. (2 points) b. Quantify the total surplus at the equilibrium. (4 points) c. Suppose the technology used for the manufacturing of this product improves. Explain how the market will adjust to achieve the new equilibrium. (4 points)