Question: Price per earphone Quantity Demanded (units) Quantity Supplied (units) $ 80 60 20 $ 90 50 30 $ 100 40 40 $ 120 30 45

 Price per earphone Quantity Demanded (units) Quantity Supplied (units) $ 80

Price per earphone Quantity Demanded (units) Quantity Supplied (units) $ 80 60 20 $ 90 50 30 $ 100 40 40 $ 120 30 45 $ 130 20 55 $ 140 10 65 $ 150 5 75 a) Indicate the equilibrium price and the equilibrium quantity. b) Describe what happens to the market if the price per Bluetooth earphone is $140. c) Describe what happens to the market if the price per Bluetooth earphone is $80. d) If the demand for earphones remain constant but its supply rises by 20 at every price level, calculate the new equilibrium price level. e) If the supply of earphones remain constant but its demand rises by 15 at every price level, calculate the new equilibrium price level

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