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Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.

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Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value In a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool (?) Market for Tote bags I Price (Dollars per tote bag) 24 Supply Quantity Demanded 500 Quantity Supplied ( Tote bags) (Tote bags) PRICE (Dollars per tote bag) Demand 100 150 200 250 300 350 400 450 500 QUANTITY (Tote bags) The equilibrium price in this market is per tote bag, and the equilibrium quantity is tote bags per month. Complete the following table by Indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per tote bag) Shortage or Surplus (Tote bags) Pressure 32 48

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