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The diagram shows a graph that plots price in the vertical axis versus quantity in the horizontal axis.The horizontal axis labeled quantity ranges from 0
The diagram shows a graph that plots price in the vertical axis versus quantity in the horizontal axis.The horizontal axis labeled quantity ranges from 0 to 290. The line break is on the horizontal axis between 0 and 130. The vertical axis labeled price ranges from $ 0 to $ 1.60. The supply curve is a rising straight curve that passes through the points (130, $ 0.50), (200, $ 1.00), and ends at (290, $ 1.60). The demand curve is a falling slight curve that passes through the points (130, $ 1.6), (200, $ 1.00), and ends (290, $ 0.50). Refer to the diagram. The equilibrium price and quantity in this market will be Multiple Choice $1.00 and 200. $1.60 and 130. $0.50 and 130. $1.60 and 290
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