The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $42, $32, $26, $20, and $12 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $12, $20, $26, $32, and $42 (one buyer at each price).

For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied.

Price	Quantity Demanded	Quantity Supplied
($ per widget)	(widgets)	(widgets)
$12
$20
$26
$32
$42

In this market, the equilibrium price will be (ANSWER?)

per widget, and the equilibrium quantity will be (ANSWER?) widgets.

Answer rating: 100% (QA)

Answer Price Quantity Quantity per widget Demanded Supplied 12 5 1 20 4 2 26 3 3 32 2 ... View the full answer