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Business, 24.05.2021 06:10 kennydenny4897

Er both of the following questions. Using the data in the table below, explain the equilibrium quantity and equilibrium price
for a cellular telephone. Draw a graph to show equilibrium price and output. (10 points)
Price Quantity Quantity
(dollars per
demanded supplied
cellular phone) (thousands) (thousands)
100
50
100
80
55
80
60
60
20
100
40
50

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