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    Determine the Market equilibrium price/output Combination

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    Can someone help me with this problem? I have attempted to answer Question A and would like for someone to tell me if I have answered it correctly. Part B of the question is asking for a graph and I can not get this to graph correctly. Part C and D is aking questions related to the graph. If someone can show me or assist me in solving these problems, I will greatly appreciate it.

    I have attached an EXCEL spreadsheet that has my calculations for the new QS and QD using the given prices of 10,20,30,40,50,60,70,80,90 but I am not sure if it is correct. The graph will be created using the new numbers of QS and QD.

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    Solution Summary

    The expert determines the market equilibrium price/output combination. A complete, neat and step-by-step solution is provided in the attached Excel file.