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60 55 Market supply 50 45 40 35 30 25 20 15 10 Market demand 25 75 100 125 150 1 Quantity (hours per semester)

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60 55 Market supply 50 45 40 35 30 25 20 15 10 Market demand 25 75 100 125 150 1 Quantity (hours per semester) Price of Tutoring(dollars per hour) a. Determine the size of the market surplus or shortage that would exist at a price of $10. hours. There will be a of b. Determine the size of the market surplus or shortage that would exist at a price of $45. There will be a of hours

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