Attempts 0.3 ܀ Keep the Highest 0.3/1 7. Market equilibrium The weekly supply and demand for sunglasses in Minneapolis are shown in the following table. Price Quantity Demanded (Dollars per pair of sunglasses) (Pairs of sunglasses) Quantity Supplied (Pairs of sunglasses) 30 1,925 350 60 1,400 875 90 1,050 1,575 120 700 1,750 150 350 2,100 Using the table above, plot the demand for sunglasses on the following graph using the blue points (circle symbol). Next, plot the supply of sunglasses using the orange points (square symbol). Finally, use the black point (cross symbol) to indicate the equilibrium price and quantity in the market for sunglasses. PRICE (Dollars per pair of sunglasses) 180 150 120 0 0 350 700 1050 1400 1750 2100 QUANTITY (Pairs of sunglasses) Demand Supply Equilibrium ? Grade It Now Save & Continue Continue without saving

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