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Is there a downward, upward, or none pressure on the price The demand and supply schedules for sunscreen at a small beach are shown below.

Is there a downward, upward, or none pressure on the price

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The demand and supply schedules for sunscreen at a small beach are shown below. Market for Sunscreen Quantity of Quantity of Price Sunscreen Sunscreen dollars per Demanded Supplied 5 bottle (bottles) (bottles) points $25 1,000 2,500 20 2,000 2,000 15 3,000 1,500 10 4, 000 1,000 5 5,000 500 eBook 6,000 0 Instructions: Enter your answers as a whole number. References a. If the price Is $25 per bottle, how many bottles of sunscreen are demanded and supplied In equilibrium? Qd= 1,000 bottles Q5 2.500 bottles In this case, there would be downward pressure on the price. b. What is the equilibrium price and quantity In the market for sunscreen? P - $ 20 - 2,000 bottles

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