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Question 1: Refer to the following table to answer the following questions. Price Quantity Demanded Quantity Supplied $10.00 10 100 $8.00 20 80 $6.00 30

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Question 1: Refer to the following table to answer the following questions. Price Quantity Demanded Quantity Supplied $10.00 10 100 $8.00 20 80 $6.00 30 60 $4.00 40 40 $2.00 50 20 $0.00 60 O a. Please graph the demand curve and supply curve based on the table above b. Identity 2 reasons that would cause the supply curve to shift to the right c. Identify 2 reasons that would cause the demand curve to shift to the left d. What are the equilibrium price and quantity in the market? e. If the price of the good is at $2, please explain whether there will be a shortage or surplus. f. Given the situation of shortage or surplus from question (b), how will the market react or adjust itself

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