IntaFe | Santa Fe College | C X SF McGraw Hill Connect X Question 7 - HW - Market Equi X eSantaFe - ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%25 HW - Market Equil. and Policy 7 The graph below depicts the market for oranges at a local farmers' market. Market for Oranges Price (dollars) $7.00 pints $0.90 $0.80 Print $0.70 $0.60 $0.50 $0.40 X $0.30 $0.20 $0.10 20 40 60 80 100 120 140 160 180 200 Quantity (pounds) Instructions: Enter your answers as a whole number. a. If a producer tries to sell oranges at a price of $0.50 per pound, what will be the quantity demanded and quantity supplied at this price? Qd=pounds of oranges pounds of oranges b. Determine whether there is a surplus or a shortage at a price of $0.50 per pound, and determine the size of the surplus or shortage. At this price, there will be a [(Click to select) v of pounds of oranges