Use the accompanying graph to answer the questions.a. What…
Questions
Use the аccоmpаnying grаph tо answer the questiоns.a. What is the equilibrium price and the equilibrium quantity?b. At the price of $5, is there a shortage or a surplus? What is the amount of this shortage or surplus?c. At the price of $15, is there a shortage or a surplus? What is the amount of this shortage or surplus?
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