Individual Problems 8-1

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $30, $20, $10, $5, and $3 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $10, $20, $30, $38, and $44 (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)
$3
$5
$10
$20
$30
$38
$44

In this market, the equilibrium price will be _______

per widget, and the equilibrium quantity will be _____widgets.