Answer Happy

The table shows the demand and supply schedules for
milkshakes.
What is the equilibrium price and equilibrium quantity of
milkshakes​?
The equilibrium price of a milkshake is __ and the equilibrium
quantity is__ milkshakes a week.
    
Price ​(dollars/milkshake​)
Quantity demanded
Quantity supplied
​(milkshakes per​ week)
4.00
150
98
5.00
140
105
6.00
130
113
7.00
120
120
8.00
110
128
Part 1
Now a rise in the price of soda  
increases the quantity demanded by 18 milkshakes a week at each
price.
Does a surplus or a shortage occur at the original
equilibirum​ price? How does the market return
to​ equilibrium?
At the original equilibrium​ price, a​ _______ occurs.
To return to​ equilibrium, the price of a milkshake
​_______.
A. shortage​; falls
B. surplus​; falls
C. shortage​; rises
D. surplus​; rises
Part 2
As the market returns to​ equilibrium, how do the quantity
demanded and the quantity supplied​ change?
The quantity demanded​ _______ and the quantity
supplied​ _______.
A. increases​; increases
B. increases​; decreases
C. decreases​; increases
D. decreases​; decreases
Part 3
What is the new equilibrium​ price?
The new equilibrium price is ​$__ a milkshake.