1. Fill in the spaces with the right numbers. Price Quantity Quantity demanded supplied Surplus/Shortage 10 1000 50 -950 20 150 -750 30 800 250 40 700 -300 50 600 0 60 500 250 70 400 900 80 1000 700 90 200 1000 100 100 1500 2. Construct the supply and demand curves. Quantity 3. What are the equilibrium price and quantity in this market? 4. Write one example factor that could change (increase or decrease) the demand? What would happen with the market equilibrium price and quantity? 5. Write one example factor that could change (increase or decrease) the supply? What would happen with the market equilibrium price and quantity