Item8 10 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 8 Problem 03-01 algo Using the figure as a guide, answer the following questions. A graph relates price of tutoring in dollars per hour along the y axis to quantity in hours per semester along the x axis, and represents 2 line graphThe x axis ranges from 0 to 175 and the y axis ranges from 0 to 60. The market demand line graph passes through the points (50, 50), (75, 40), (125, 20), and (150, 10). The market supply line graph passes through the points (12.5, 10), (37.5, 20), (125, 40), and (150, 50). Instructions: Round your responses to two decimal places. Determine the size of the market surplus or shortage that would exist at a price of $45. There will be a surplus of 150 hours