Consider the following supply and demand tables for Good A. Price of Good A P* = $120 140 160 180 200 220 240 a. (10 points) Find the equilibrium price and quantity. Quantity Demanded If so, how large it is? 150 130 110 90 70 50 30 Quantity Supplied b. (10 points) If the current price of Good A is $220, is there a shortage or surplus in the market? 15 40 65 90 105 130 155

Consider the following supply and demand tables for Good A. a. (10 points) Find the equilibrium price and quantity. p= Q= b. ( 10 points) If the current price of Good A is $220, is there If so, how large it is