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I need help with solving this question. 6. Following is the schedule of quantities that would be supplied and demanded at various prices for electricity.

I need help with solving this question.

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6. Following is the schedule of quantities that would be supplied and demanded at various prices for electricity. Graph the supply and demand curves. Identify the market equilibrium price. (3 marks) If there is a 40% increase in the summer demand for electricity, show the impact on the market using the chart with any changes to the supply andfor demand curves to identify the new equilibrium price. (Use the additional column on the chart as needed to calculate new quantities and graph them to identify the impact on the market.) (2 marks) p'p $10.00 8.00 6.00 Price 4.00 2.00 100 200 300 400 500 600 700 Quantity

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