Using the table below, answer the following:

• Provide the shortage and surpluses for each price per unit [Show calculations for each row]
• What is the total excess supply and demand of this demand and supply schedule
• What is the equilibrium price and quantity?

Price per Unit	Quantity Demanded	Quantity Supplied	Shortage/ Surplus (in units)
$12	100 units	300 units
$11	120 units	280 units
$10	140 units	260 units
$9	160 units	240 units
$8	180 units	220 units
$7	200 units	200 units
$6	220 units	180 units
$5	240 units	160 units
$4	260 units	140 units
$3	280 units	120 units
$2	300 units	100 units