The following table presents the annual demand and supply in the market for laundry detergent in Miami.Price (Dollars per gallon of laundry detergent):4, 8, 12, 16, 20Quantity Demanded (Gallons of laundry detergent):2000, 1600, 1200, 800, 400Quantity Supplied (Gallons of laundry detergent):200, 600, 800, 1200, 1800

s of Macroec... C MindTap - CENGAGE | MINDTAP Q Homework (Ch 04) On the following graph, plot the demand for laundry detergent using the blue point (circle symbol). Next, plot the supply of laundry detergent using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for laundry detergent. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 24 20 Demand 16 Supply PRICE (Dollars per gallon of laundry detergent) 12 + Equilibrium 8 400 800 1200 1600 2000 2400 QUANTITY (Gallons of laundry detergent) Grade It Now Save & Continue