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The table below shows the market demand and supply of surgical masks. Quantities are in ('000 boxes) Price ($ per box) 30 25 20 15

  1. The table below shows the market demand and supply of surgical masks.

Quantities are in ('000 boxes)

Price ($ per box)

30

25

20

15

10

5

Qtydemanded

80

90

100

110

120

130

Qtysupplied

120

110

100

90

80

70

With the information above, draw the Demand and Supply Curves, and find the market equilibrium point.

  1. Using the graphical method, find the following:

2. the equilibrium price

3. the equilibrium quantity

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