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Flip-flops remain a popular footwear option. Demand for flip-flops is ()=242 , and the supply function is ()=2 .As summer approaches, demand for flip-flops increases
Flip-flops remain a popular footwear option. Demand for flip-flops is ()=242 , and the supply function is ()=2 .As summer approaches, demand for flip-flops increases to ()=322 . What is the new equilibrium? The price will be $ , and pairs of flip-flops will be sold. On the graph below, use the straight-line tool to draw the market supply and demand with the shifted demand, and then use the point tool to plot the new equilibrium point. Use the label tool to label this point "Equilibrium
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