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Plot a supply curve by using the following data:
Unit Price (Dollars) Amount Supplied (Units)
$125 500
$100 400
$75 300
$50 200
$25 100
Plot the demand curve by using the following data:
Unit Price (Dollars) Amount Demanded (Units)
$125 100
$100 200
$75 300
$50 400
$25 500
Determine the equilibrium price____________________
How many units will be supplied and purchased at the equilibrium price?_____________
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