Question: a. Equilibrium price is ( )$ and equilibrium quantity is( ) . b. If the price is $4.50, there is a (Click to select) surplus

a. Equilibrium price is ( )$ and equilibrium quantity is( ) . b. If the price is $4.50, there is a (Click to select) surplus or shortage of ( ) units. c. If the price is $3.00, there is a (Click to select) surplus or shortage of ( ) units.

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