Based on the graph below, which depicts the market for bushels of wheat, at a price of $5: Price (dollars per bushel of wheat) w N 0 100 200 300 400 500 600 Quantity (millions of bushels of wheat) O there is a surplus of wheat by 400 million bushels. O we cannot say. O there is equilibrium in the market. O there is a shortage of wheat by 400 million bushels.The current price of a Blu-ray player is $100. At this price, 750 buyers would like to buy a Blu-ray player, while sellers are only offering 500. Once the market coordinates the demand and supply of Blu-ray players using the price mechanism, which of the following would be a likely equilibrium price where the market ends up at? 0 $125 0 $80 0 $50 O $0. At a price of $2500, 1500 flat-screen TVs were available for sale, and 800 were bought. As a result we can say that the market for flat-screen TVs was in a situation of: O price being too high, and a surplus of TVs. 0 price being too high, and a shortage of TVs. O we cannot determine what is going on here. 0 price being too low, and a surplus of TVs The following completely fictional graph shows information about the housing market in Gainesville Florida. Housing units in Gainesville Florida 10000s 8 Supply - N W A U O V Demand Demand Supply December 2017 December 2018 Compared to December 2017, we can be sure that in December 2018, the price of housing per unit, ceteris paribus, must have: O decreased. O stayed the same. been zero. O increased.The following graph shows the market for chocolate, with price of chocolate on the Yaxis and points of chocolate on the X-axis. Market for Imported Chocolates w n _. n: u p m m u co to 0 1 2 3 4 5 5 7 5 9 10 Based on the graph above, if the market price of chocolate was $3 per pound: 0 quantity demanded would be greater than quantity supplied, i.e. a shortage. 0 quantity supplied would be greater than quantity demanded, i.e. a surplus. 0 quantity demanded would be greater than quantity demanded, i.e. a surplus. 0 quantity supplied would be greater than quantity demanded, Le. a surplus