ANSWERS: (8 X 5 points each = 40 points) As a result, price (increased, decreased, did nut change) from $ to $ and quantity (increased, decreased, did not change) from to This situation indicates a (surplus, shortage not applicable). This' 1s a [sellers' market, buyers' market not applicable). D1 D2 53 51 D3 P P P P P 10 2 11 4 2 1 1 2 9 0 9 3 9 5 3 2 2 3 8 l 8 4 8 6 5 4 4 5 7 2 6 6 7 8 7 5 E E E 3 5 7 6 9 8 E 7 8 5 4 4 8 5 10 B '7 E] 10 4 5 3 9 10 8 2 7 2 10 ll 9 1 8