Question: The schedule below shows the quantity demanded and quantity supplied for Starbuck's latte. Price($) Quantity Supplied (cups) Quantity Demanded (cups) 0 0 24 1 5

The schedule below shows the quantity demanded and quantity supplied for Starbuck's latte.

Price($) Quantity Supplied (cups) Quantity Demanded (cups)

0 0 24

1 5 21

2 10 18

3 15 15

4 20 12

5 25 9

6 30 6

a.The equilibrium price is _________.

b.The equilibrium quantity is __________.

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