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(Solved): I need help please!!! 12. Market equilibrium and disequilibrium The following graph shows the ...
I need help please!!!
12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for teapots. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graphs. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
The equilibrium price in this market is per teapot, and the equilibrium quantity is teapots bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or sumplus in the market, thet amounit of that shortage of surpit
per teapot, and the equilibrium quantity is teapots bought and sold per month. The equilbrium price in this market is Complete the following table by indicating at each price whether there is a shortage or sumplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices.