Question: Using the figure as a guide, answer the following questions. Using the figure as a guide, answer the following questions. Market for Tutoring Market supply

Using the figure as a guide, answer the following questions.

Using the figure as a guide, answer the following questions. Market for Tutoring Market supply Price of Tutoring(dollars per hour) Market demand 25 50 75 100 125 150 175 Quantity (hours per semester) a. Determine the size of the market surplus or shortage that would exist at a price of $10. There will be a of hours. b. Determine the size of the market surplus or shortage that would exist at a price of $45. There will be a hours

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