Price 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 Supply Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Quantity
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- From the graph, the equilibrium occurs where the supply and demand curves intersect. This is at a price of $50 and a quantity of 10 units. Show more…
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