Interpreting the Graph. The graph to the right shows the demand and supply curves for...
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Interpreting the Graph. The graph to the right shows the demand and supply curves for CD players. Use the information to complete the following statements. a. At the market equilibrium (shown by point CD players is ), the price of CD players is $ and the quantity of b. At a price of $100, there would be excess so we would expect the price of CD players to c. At any price exceeding the equilibrium price, there would be excess price to so we would expect the Market for CD players 250 KA 200- Supply 150- Price of CD players ($) a b 100- 50- Demand 0+ 260 100 200 300 CD players per day 400
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