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Table: a) Use the data below and graph the supply and demand curves. LABEL BOTH CURVES AND THE ELEMENTS OF YOUR GRAPH. Price ($) 2

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Table: a) Use the data below and graph the supply and demand curves. LABEL BOTH CURVES AND THE ELEMENTS OF YOUR GRAPH. Price ($) 2 4 6 8 10 12 14 16 Quantity demanded 18 15 14 13 12 9 6 4 Quantity supplied 4 7 9 10 12 15 17 20 From the graph and information above, answer the following questions: b) What is the equilibrium market price? c) What is the equilibrium market quantity? d) What is the market result if a price ceiling of $6 is imposed on this market? Explain your

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