Question: Using the data in the table below, what is the equilibrium quantity and equilibrium price for a cellular telephone? Draw a graph to show equilibrium

Using the data in the table below, what is the equilibrium quantity and equilibrium price for a cellular telephone? Draw a graph to show equilibrium price and output.

Price Quantity demanded Quantity supplied

(dollars ewer cellar phone. (thousands) (thousands)

100 50 100

80 55 80

50 60 60

20 100 40

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