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The figure below shows the market for large bags of potato chips. Answer the following questions based on the figure provided. a. Equilibrium price is

The figure below shows the market for large bags of potato chips. Answer the following questions based on the figure provided.

a. Equilibrium price is $ and equilibrium quantity is . b. If the price is $4.50, there is a (Click to select) surplus shortage of units. c. If the price is $3.00, there is a (Click to select) surplus shortage of units.

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