Assume the figure to the right illustrates the market for houses for sale in a small city. Next question Suppose the market price of houses is $250,000. How large will the resulting surplus be? 300 275- Supply O At a price of $250,000, there will be |surplus houses. (Enter your response as a 250- whole number.) 17 225- What is the equilibrium price of houses? The equilibrium price is $ . (Enter your response as a whole number.) Price ($1000s) 100- . . . Demand 200 400 600 800 1000 1200 Quantity (houses)