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  3. use the following information to answer questions 17 and 18...

Question: use the following information to answer questions 17 and 18...

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Use the following information to answer questions 17 and 18: Suppose Congress cuts personal income tax rates 17. Draw a simple supply and demand graph to show how this would affect the market for refrigerators. 18. Why does this shift occur? How does that affect the equilibrium price and quantity? Explain.
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