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Please answer this question Question 2 (2 marks) Consider the following graph: Price ($) D S 12 8 X 4 S D 0 20 30

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Question 2 (2 marks) Consider the following graph: Price ($) D S 12 8 X 4 S D 0 20 30 40 Quantity Required: a) Determine the shortage or surplus at a price of $12. (1 mark) b) Determine how many units are sold in the market at a price point of $4. (1 mark)

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