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Use the figure below to answer the following questions. Short Description: A line graph depicts the equilibrium price in the market.Long Description: The vertical axis
Use the figure below to answer the following questions. Short Description: A line graph depicts the equilibrium price in the market.Long Description: The vertical axis is labelled, price (dollars per unit) and ranges from 0 to 10 in increments of 2. The horizontal axis is labelled, quantity (units) and ranges from 0 to 600 in increments of 100. The line for demand, D slopes downward from the upper left corner to the lower right corner passing through the points (100, 10), (300, 6), and (400, 4). The line for supply, S slopes upward from the lower left corner to the upper right corner passing through the points (200, 4), (300, 6), and (500, 10). The two lines intersect each other at (300, 6). Figure 3.4.2 At a price of $10 a unit in Figure 3.4.2
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