Price Supply Demand (Shortages) or Surplus
25 30 10 ?
20 20 12 ?
15 15 15 ?
10 10 20 ?
5 5 30 ?
- Using the above date please create a supply and demand graph
- Indicate on the graph the point of market equilibrium
- Complete the last column indicating at each price level whether the market has a surplus or a (shortage) and by what amount