Use the graph below for the market for small teddy bears to answer questions 16-18. 9 8 7 6 5 Price in dollars D 3 2 1 0 0 300 400 200 300 Quantity small teddy bears 500 16. What is the equilibrium price and quantity in the market for teddy bears? a. P$7.Q* 350 b.P.$7,000 c.P.5, Q*-300 d. p.$6.50, 375 e. -6,400 4 17. f price in the market is 58, will there be a shortage or a surplus? There will be a shortage There will be a surplus There is not enough information to answer this question 18. the governments is the minimum price for which teddy bears may be sold what will happen in the market for teddy bears? There will be a surplus of 150 teddy bears There will be shortage of 150 teddy bears The market will be in equilibrium 4. Uncertain come theory has no answer to this question 19. Saras moto Annex month. Currently shelves in Hand in the Ocean every on She is sad that won't be possible once she moves. What happens to the price the wing to pay for bathing suits and the quantity of bathing she is willing to buy? a. The will now be willing to pay more for a bathing suit and will be suit be willing to pay more for a bathing suit and will buy more She will now be willing to payless for a bathing suit and will buy fruits Mwanahahah 0