12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market f

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12 Market Equilibrium And Disequilibrium The Following Graph Shows The Monthly Demand And Supply Curves In The Market F 1 (65.09 KiB) Viewed 69 times

12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for shirts. 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 Shirts 72 Suppy 84 24 36 Price (Dollars per shirt) Quantity Demanded (Shirts 500 Quantity Supplied Shirts 150 PRICE (Dolars per shit) 40 Demand 000 200 250 300 350 400.450.500 QUANTITY Shit The equilibrum price in this market is per shirt, and the equilibrium quantity shirts bought and sold per month 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 supu and whether the word om down on De Price (Dollars per shirt) Shortage or Surplus Shortage or Surplus Amount (Shirts) Pressure