Home / Questions / 12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply cu
12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. ? Graph Input Tool Market for Calendars 100 Price (Dollars per calendar) AC 30 Supply 80 Quantity Quantity Supplied (Calendars) 500 210 Demanded (Calendars) 70 BC 50 40 Demand 30 20 10 0 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Calendars) PRCE (Dollars per calendar) per calendar, and the equilibrium quantity is calendars bought and sold per month The equilibrium price in this market is S Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, prices and whether this places upward or downward pressure on Shortage Surplus Amount Price or (Dollars per calendar) Shortage or Surplus (Calendars) Pressure 40 60 Grade It Now Save & Continue
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