Question: On the table below, find the quantity demanded and quantity supplied at $8. At this price, will there be a surplus (excess supply), a shortage

On the table below, find the quantity demanded and quantity supplied at $8. At this price, will there be a surplus (excess supply), a shortage (excess demand), or neither? Quantity Supplied Price Quantity Demanded 5000 $2 12,000 6000 $4 9500 7000 $6 7000 8000 $8 4500 9000 $10 2000 Question 19 options: Quantity demanded = 12,000 Quantity supplied = 5000 Shortage Quantity demanded = 7000 Quantity supplied = 7000 Neither Quantity demanded = 4500 Quantity supplied = 5000 Surplus Quantity demanded = 2000 Quantity supplied = 9000 Shortage Quantity demanded = 4500 Quantity supplied = 8000 Surplus

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