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29 March, 07:04

The graph shows the price of a good compared to the quantity demanded. This graph demonstrates how

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  1. 29 March, 07:06
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    Analyzing the graph, we can observe that higher production of microwave ovens lowers the price substantially. Since it is production, demanded amount has to be taken as produced amount. Then, we can conclude that the amount produced changes greatly with the price.
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