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Draw a graph of market equilibrium. Explain what the equilibrium point means . On the same graph, draw a condition of surplus . Discuss what

Draw a graph of market equilibrium. Explain what the equilibrium point means . On the same graph, draw a condition of surplus . Discuss what surplus means by answering the following sub-questions. a) Describe the behavior of buyers and sellers in times of surplus b) From your surplus price describe what will happen to the market price

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