11 . Market equilibrium II The following graph shows the monthly demand and supply curves in the market for teapots. Use the graph Input tool to help you answer the following questions. Enter an amount Into the Prlce field to see the quantlry demanded and quantity supplied at that price. Yau will not be scored an any changes you make to this graph. Graph Input Tool an Market for Teapots 72 I] Price 32 64 (Dollars per teapot) Quantity Quantity Supplied Demanded 30 (Tea/JOB) 125 (Teapots) 56 48 AD 32 24 PRICE (Dollars per teapot) 16 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Teapots) The equilibrium price in this market is $ per teapot, and the equilibrium quantity is teapots bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per teapot) Shortage or Surplus (Teapots) Pressure 32 48 Grade It Now Save & Continue Continue without saving