Question: Using the following data, plot the two demand curves and the supply curve on graph paper. Label the x-axis and y- axis and give the

 Using the following data, plot the two demand curves and the

Using the following data, plot the two demand curves and the supply curve on graph paper. Label the x-axis and y- axis and give the graph an appropriate title. (4 marks) Price Quantity Demanded (D1) New Quantity Demanded (D2) Quantity Supplied $6 10 30 50 $5 20 40 40 $4 30 50 30 $3 40 60 20 $2 50 70 10 a. What is the equilibrium price for D1? (1 mark) b. What is the equilibrium price for D2? (1 mark)

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