the question will be on file

11. Market equilibrium The following table shows the weekly demand and supply in the market for shoes in Miami. Price Quantity Demanded Quantity Supplied (Dollars per pair of shoes) (Pairs of shoes) (Pairs of shoes) 20 2,200 400 40 1,600 1,000 60 1,200 1,800 80 800 2,000 100 400 2,400 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 -0- 100 Demand -I- '5 so "5 7.: Supply I\" O. .. 8 60 .1. E L\" '0 Equilibrium El LIJ 40 Q o: o. 20 0 400 800 1200 1600 2000 2400 QUANTITY {Pairs of shoes)