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e following table shows the monthly demand and supply in the market for shoes in Detroit. Price Quantity Demanded Quantity Supplied (Dollars per pair of

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e following table shows the monthly demand and supply in the market for shoes in Detroit. Price Quantity Demanded Quantity Supplied (Dollars per pair of shoes) (Pairs of shoes) (Pairs of shoes) 20 2,200 400 40 1,600 1,000 60 1,200 1,800 80 800 2,000 100 400 2,400 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand 80 Supply PRICE (Dollars per pair of shoes) 60 40 Equilibrium 20 400 800 1200 1600 2000 QUANTITY (Pai 2400

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