Question: 4. Price $10 Quantity demanded Quantity supplied 100 400 8 150 350 6 250 250 275 200 300 200 4 2 a) What is

4. Price $10 Quantity demanded Quantity supplied 100 400 8 150 350

4. Price $10 Quantity demanded Quantity supplied 100 400 8 150 350 6 250 250 275 200 300 200 4 2 a) What is the most efficient price AND quantity (i.e. the market/equilibrium price and quantityy? b) If the price was 58, then the quantity supplied would be , leading to a ( shortage surplus ) of and quantity demanded would be units.

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