I already did the graph but I need help with question 17 to 22 rtDrawDesignLayoutReferencesMailingsReviewViewHelpPart III: Changes in Equilibrium (Supply Curve Changes)Cups of Coffee$6%245%$4Demand$1OSupply50Quantity16. Using the data below, draw a new supply curte on the graph above. Label the new equilibriumEl.Price Quantity$1100$2150$3200$4250$530017 According to the graph above, what is the new equilibrium price?18. According to the graph abore, what is the new ecuilibrium quantity?19. Was this a result of a change in supply or quantity supply20. Was this change an increase or decrease21. As a result, did the equilibrium price increase or decrease?22 As a result, did the equilibrium quantity increase or decrease?Price

17. $2.5 18. 175 19. Change in supply 20. Increase 21. Decrease 22. Increase

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Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.3: The Market: Putting Supply And Demand Together

Problem 3ST

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