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Using the Schedules Given,plot the Demand Curve and the Supply

question 19

Essay

Using the schedules given,plot the demand curve and the supply curve on the below graph.Label the axes and indicate for each axis the units being used to measure price and quantity.Then answer the questions.


Definitions:

Income Distribution

How the total earnings are distributed among the members of a community.

John Rawls

A philosopher known for developing the theory of justice as fairness, which considers how societal resources can be distributed equitably.

Income Distribution

The way in which total income is shared amongst the population.

Liberalism

A school of thought advocating for personal liberty, the consent of those under governance, and fairness within the legal system.

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