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Demand and supply graph for compact discs showing equilibrium price and quantity, surplus at $6, and shortage at $2.

Graph showing demand and supply schedules for compact discs, with price per disc on the vertical axis and quantity on the horizontal axis, illustrating equilibrium, surplus, and shortage at different price points.

Graph showing demand and supply schedules for compact discs, with price per disc on the vertical axis and quantity on the horizontal axis, illustrating equilibrium, surplus, and shortage at different price points.

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