12. Market equilibrium The following table presents the annual demand and supply in the market for sweatpants in Houston. Price (Dollars per pair of sweatpants) Quantity Demanded. (Pairs of sweatpants) Quantity Supplied (Pairs of sweatpants) 6 1,650 300 12 1,350 600 18 1,200 750 24 900 1,350 30 750 1,800 On the following graph, plot the demand for sweatpants using the blue point (circle symbol). Next, plot the supply of sweatpants using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for sweatpants. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.

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