1. Given the following equations representing the behavior of producers and consumers: Consumers: Qd = 160 10*Price Producers: Q3: 10*Price Complete the following table: Price Quantity Supplied Quantity Demanded Difference 12 10 8 NIKON 0 a. What price corresponds to the equilibrium price for this market: What is the equilibrium quantity? b. Over what range of prices does a Surplus result? c. Over what range of prices does a Shortage result? (1. If a sulplus exists, explain the process by which market prices will adjust? Will these prices adjust upwards or downwards