1)Suppose that the graph illustrates the market demand for burgers per month with an equilibrium price of $3.00 and an equilibrium quantity of 4,000 burgers. Please indicate on the graph the effects of excess inventories that lower the price by $2 and place point A at the newequilibrium.

L5 of21 > Suppose that the graph illustrates the market demand for burgers per month with an equilibrium price of $3.00 and equilibrium quantity of 4,000 burgers. Please indicate on the graph the effects of excess inventories that lower the price by $2 and place point A at the new equilibrium. Price (3) 0 1 2 3 4 5 6 7 8 Quantity (thousands) The table shows information on the conditions of demand and supply for designer purses, where the quantity of designer purses is measured in thousands. For each price, select the correct category. Price Quantity demanded (thousands) Quantity supplied (thousands) $300 460 390 $500 420 420 $700 370 490 $900 290 620 $300 . $500 - $700 - $900 - Suppose the accompanying graph depicts a market for one pound bags of candy. Place the line labeled Excess Demand at a price that would generate an excess demand (shortage). Then, determine the size of the excess demand. Market for Candy Excess Demand = :] million bags 10 Excess Demand Price per bag 0 1 2 3 4 5 6 7 8 9 10 Quantity (millions of bags)