In the graph, X-axis depicts the quantity in millions of pairs per year with increments of 2 beginning from 0 to 10, and Y-axis depicts the price in dollars per pair with increments of 10 from 0 to 40. The curves for S is upward sloping, while the curve for demand is downward sloping. Both the curves intersect at 3 on the X-axis and 10 on the Y-axis.
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