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Homework (Ch 04) 10. Market equmonium The following table presents the monthly demand and supply in the market for boots in Detroit. Price Quantity Demanded

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Homework (Ch 04) 10. Market equmonium The following table presents the monthly demand and supply in the market for boots in Detroit. Price Quantity Demanded Quantity Supplied (Dollars per pair of boots) (Pairs of boots) (Pairs of boots) 20 1,100 200 40 900 400 60 800 500 80 600 900 100 500 1,200 On the following graph, plot the demand for boots using the blue point (circle symbol). Next, plot the supply of boots using th symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for boots. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatical 120 hr 100 Demand 80 PRICE (Dollars per pair of boots) Supply Equilibrium 20 Search

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