ANSWERS: (8 X 5 points each = 40 points) As a result, price (increased, decreased, did not change) from $. to $ and quantity (increased, decreased, did not change) from to P This situation indicates a (surplus, shortage, not applicable). This is a (sellers' market, buyers' market, not applicable). D1 D 53 S1 D P P Q P Q P Q P 10 11 COQUI WN NOANA OOO UI A WNA KESDOJUN HNWAUOOH HOONJOAWN NWAUGOD 0 10 10