Homework (Ch 04) Graph Input Tool Market for Calendars 80 72 24 Supply Price (Dollars per calendar) Quantity Demanded (Calendars) 56 500 Quantity Supplied (Calendars) 0 48 PRICE (Dollars per calendar) 40 32 Demand 24 + 16 . O 50 100 150 200 250 300 350 400 450 500 QUANTITY (Calendars) The equilibrium price in this market is per calendar, and the equilibrium quantity is calendars bought and sold per month Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices Price (Dollars per calendar) Shortage or Surplus Amount (Calendars) Shortage or Surplus Pressure 32