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Need help Graph Input Tool (?) 60 Market for Tote bags 54 Price 30 (Dollars per tote bag) Supply Quantity 600 Quantity Supplied 500 Demanded
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Graph Input Tool (?) 60 Market for Tote bags 54 Price 30 (Dollars per tote bag) Supply Quantity 600 Quantity Supplied 500 Demanded (Tote bags) (Tote bags) PRICE (Dollars per tote bag) Demand ON 0 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Tote bags) The equilibrium price in this market is $30 per tote bag, and the equilibrium quantity is 500 tote bags per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per tote bag) Shortage or Surplus (Tote bags) Pressure 18 42Step by Step Solution
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