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output demanded output supplied (in billions) Price level (in billions) $3000 350 $9000 $4000 300 $8000 $5000 250 $7000 $6000 200 $6000 $7000 150 $5000

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output demanded output supplied (in billions) Price level (in billions) $3000 350 $9000 $4000 300 $8000 $5000 250 $7000 $6000 200 $6000 $7000 150 $5000 $8000 100 $4000 (a) What will be the equilibrium price level and quantity of real domestic output? (b) If the quantity of real domestic output demanded increased by $2000 at each price level, what will be the new equilibrium price level and quantity of real domestic output? (c) Using the original data from the table, if the quantity of real domestic output demanded increased by $5000 and the quantity of real domestic output supplied increased by $1000 at each price level, what would the new equilibrium price level and quantity of real domestic output be? (a) 200 and $6000 (b) 250 and $7000 (c) 300 and $9000

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