Question: Use the table below to answer the following questions. Table 3.5.3 Demand and supply schedules for designer sport t-shirts Price (dollars per t-shirt) Quantity Supplied

Use the table below to answer the following questions. Table 3.5.3 Demand and supply schedules for designer sport t-shirts Price (dollars per t-shirt) Quantity Supplied (t-shirts per month) Quantity Demanded (t-shirts per month) 3 4 5 6 7 8 9 10 11 12 150 160 170 180 190 200 210 220 230 240 300 280 260 240 220 200 180 160 140 120 Refer to Table 3.5.3. A website launches, which has the capacity to do as much business as all the existing sportswear websites. The quantity of t-shirts supplied doubles at each price. In addition, in a YouTube interview, Joe Cool shows off his designer sport t-shirt, setting off a new craze that doubles business on sportswear websites. The quantity of t-shirts demanded doubles at each price. The new equilibrium price is $________ and the new equilibrium quantity is ________ t-shirts per month

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