Question: Answer Question PRICE PER QUANTITY DEMANDED PER QUANTITY SUPPLIED PER CD MONTH MONTH $20 500 9000 18 1000 6000 16 1500 4500 14 2000 3500

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PRICE PER QUANTITY DEMANDED PER QUANTITY SUPPLIED PER CD MONTH MONTH $20 500 9000 18 1000 6000 16 1500 4500 14 2000 3500 12 2500 2500 10 3000 1500 8 3500 800 4000 100 Looking at the table above identify: a. equilibrium and why? b. a price where there will be excesses of supply and why? c. a price at which there will be shortages and why

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