The following graph shows the monthly demand and supply curves in the market for keyboards. b) The
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Question:
The following graph shows the monthly demand and supply curves in the market for keyboards.
b) The equilibrium price in this market is ________ per keyboard, and the equilibrium quantity is ____________ keyboards 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 surplus, and whether this places upward or downward pressure on prices.
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