4 The market for packs of AA batteries during a typical week in Tulsa, Oklahoma is described in the table below. Market for AA Batteries in a Typical Week 2 Quantity of | Quantity of points Batteries Batteries Price Demanded L1 3R (dollars) (packs) (packs) n | s [ e [ 150 | = [ 18 [ 10 | 138 | Book [ 16 [ 20 | 18 | [ 14 [ 3@ | =0 | n [ 12 [ 4 | 70 | | 10 | se | sa | References [ 8 [ e | s | [ 6 [ 70 [ 12 | Instructions: Enter your answers as a whole number. a. During a typical week in Tulsa, Oklahoma, what are the initial equilibrium price and quantity in the market for packs of AA batteries? P=s Q= packs In weeks when tornadoes threaten Tulsa, Oklahoma, the demand for packs of AA batteries increases as shown in the table below. Market for AA Batteries in a Week with a Tornado Threat New Quantity | New Quantity of Batteries | of Batteries L ] Demanded AT R T (dollars) ) (packs) 150 168 b. What are the equilibrium price and quantity of AA batteries in a week with a tornado threat? P = $ Q = packs Suppose that city leaders want to prevent the price of AA batteries from rising when tornadoes threaten Tulsa, Oklahoma. They impose a price ceiling of $10 for packages of AA batteries. c. This price ceiling of $10 per pack (Click to select) | the AA battery market during a typical week. d. What are the quantity demanded and quantity supplied with the price ceiling in effect during the weeks when tornadoes threaten Tulsa? Qd= packs Qs= packs e. As a result of the price ceiling O quantity supplied exceeds quantity demanded by 30 packs of AA batteries in a week when tornadoes threaten Tulsa, Oklahoma. O quantity supplied exceeds quantity demanded by 40 packs of AA batteries in a week when tornadoes threaten Tulsa, Oklahoma. O quantity demanded exceeds quantity supplied by 30 packs of AA batteries in a week when tornadoes threaten Tulsa, Oklahoma. O quantity supplied equals quantity demanded for packs of AA batteries in a week when tornadoes threaten Tulsa, Oklahoma.The market for ice cream bars on a hot day at the local beach is summarized in the table below. Market for lce Cream Bars 2 Quantity of Ice Quantity of Ice paints Price Cream Bars Cream Bars (dollars) Demanded 1T R $1.48 o eBook B Instructions: Enter your answer as a whole number. References Determine whether there is a surplus or a shortage at a price of $1.80 per ice cream bar, and determine the size of the surplus or shortage. There is a | (Click to select) v| of ice cream bars