For each of three potential buyers of apples, the table displays the willingness to pay for the first three apples of the day. For example, Ruthie is willing to pay $1.75 for her first apple, $1.55 for her second apple, and $1.10 for her third apple. Assume Ruthie, Matt, and Emerson are the only three buyers of apples and that they will buy an apple as long as the price does not exceed what they are willing to pay.

	1st Apple	2nd Apple	3rd Apple
Ruthie	$1.75	$1.55	$1.10
Matt	$1.50	$1.25	$0.75
Emerson	$1.30	$1.00	$0.70

Suppose the supply of apples is fixed at a quantity of 5.

1. With 5 apples supplied, is there an excess quantity of apples supplied OR an excess quantity of apples demanded at a price of $1.50. How many?

2. With 5 apples supplied, is there an excess quantity of apples supplied OR an excess quantity of apples demanded at a price of $1.00. How many?

3. With 5 apples supplied, is there an excess quantity of apples supplied OR an excess quantity of apples demanded at a price of $1.30. How many?

4. With 5 apples supplied, is there an excess quantity of apples supplied OR an excess quantity of apples demanded at a price of $1.10. How many?

5. With 5 apples supplied, is there an excess quantity of apples supplied OR an excess quantity of apples demanded at a price of $1.25. How many?

6. What is the equilibrium price in this market?