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Use the following graph to find equilibrium price and quantity (in dollars and units, respectively) Price ($) $7.00 $6.00 $5.00 $4.00 X $3.00 $2.00 $1.00

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Use the following graph to find equilibrium price and quantity (in dollars and units, respectively) Price ($) $7.00 $6.00 $5.00 $4.00 X $3.00 $2.00 $1.00 0 8 12 16 20 24 28 32 Quantity Instructions: Enter your response for equilibrium price rounded to two decimal places. Equilibrium Price: $ Equilibrium Quantity

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