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Determine the system of inequalities illustrated in the graph. Write inequalities in standard form.
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Consumer Surplus
The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.
Market Price
The amount for which something can currently be purchased or sold within a marketplace, reflecting supply and demand conditions.
Squeeze Out Profits
Strategies or actions taken by companies to increase profit margins, often by reducing costs or increasing efficiency, sometimes under competitive pressure.
Graph Drawing
A method of representing structural information as diagrams of abstract graphs and networks.
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