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Calculate market shortages and market surpluses given the values from the graph based on the prices provided in the Price.docx. Be sure to define a

Calculate market shortages and market surpluses given the values from the graph based on the prices provided in the Price.docx. Be sure to define a market shortage and a market surplus.

Market Equilibrium of TOF 1600 1560 1500 1400 1400 1300 1200 1200 1100 1000 1010 900 PRICE 800 700 600 600 500 500 400 200 200 400 600 800 1000 1200 1400 QUANTITY -05

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