Question: I need help with these 2. Someone please help me! The graph below should be used to answer the next two questions. Exhibit 3A.3. The

I need help with these 2. Someone please help me!

I need help with these 2. Someone please help me! The graph

The graph below should be used to answer the next two questions. Exhibit 3A.3. The Market for T-Shirts Price (dollars per shirt) S 12 10 8 O 400 600 800 1000 1200 1400 Quantity (shirts per week) 5. If the price of T-shirts is $12, then a. 1000 shirts will be sold each week b. In the absence of price controls, the price will rise c. There will be a surplus of 400 shirts per week d. The price is below the equilibrium price 6. If next month 1100 shirts per week are sold at the equilibrium price of $8 per shirt, we can infer that the for T-shirts has a. demand; increased b. demand; decreased c. supply; increased d. supply; decreased

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