2. Price per ounce Monthly quantity supplied in tons Monthly quantity demanded in tons $1000 10 14 $1050 10 12 $1100 11 12 $1150 11 11 $1200 12 10 $1250 12 10 Question: The table shows the amount of demand and supply for gold. What is the equilibrium price and quantity in the market? Now, imagine that because Bitcoin's interest, the demand for gold decreases by 2 tons a month. Calculate the new equilibrium price and quantity and explain why the direction of the price shift makes intuitive sense