Question: Using the figure as a guide, answer the following questions. Market for Tutoring 60 Market supply Price of Tutoring (dollars per hour) Market demand O

Using the figure as a guide, answer the following questions. Market for Tutoring 60 Market supply Price of Tutoring (dollars per hour) Market demand O O 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 $15. There will be a hours. b. Determine the size of the market surplus or shortage that would exist at a price of $50. There will be a hours

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