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please provide solution. NB: 2.1, 2.2 and 2.3 must be done on the same set of axes. DO NOT draw a new graph each time.

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NB: 2.1, 2.2 and 2.3 must be done on the same set of axes. DO NOT draw a new graph each time. Once you have completed 2.1, 2.2 and 2.3 on paper, scan your graph or take a photo of it and upload your graph below. Then answer 2.4 and 2.5 in the space provided. PRICE QUANTITY DEMANDED QUANTITY SUPPLIED 850 25 R40 10 20 R30 15 15 R20 20 10 RIO 25 5 Table I: A schedule for the market for pencils. 21 Draw a graph representing the goods market for pencils using the schedule above. Label your graph fully and label the equilibrium EL (Graph = 4 marks) 22 Bustrote on increase in the price of pens, a substitute in consumption Label your new equibrium 12 (Graph modifications = 2 marks) 23 Bustrote on increase in the price of graphite, on input into pencil manufacture. Label your new equabrum 13. (Graph modifications = 2 marks) 24

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