Market equilibrium and disequilibrium

The following graph shows the monthly demand and supply curves in the market for keyboards.

Use the graph input tool to help you answer the following questions. Enter an amount into the Price field to see the quantity demanded and quantity

supplied at that price. You will not be graded on any changes you make to this graph.

Graph Input Tool

Market for Keyboards

$$ Price

$($Dollars per

keyboard$)$

Quantity

Demanded

$300$

Quantity Supplied

$125$

$($Keyboards$)$

$($Keyboards$)$

Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus,

and whether this places upward or downward pressure on prices.

Price

$($Dollars per keyboard$)$

Shortage or Surplus Amount

Pressure