Microeconomic Question

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 bottle) (bottles) (bottles) 1,250 9,750 55 2,250 3,250 2,750 5,750 3,250 5,250 3,750 3,750 4,250 2,250 Instructions: Enter your answers as a whole number. a. If the price is $50 per bottle, how many bottles of sunscreen are demanded and supplied in equilibrium? Gd= bottles 05 = bottles In this case, there would be pressure on the price. b. What is the equilibrium price and quantity in the market for sunscreen? P= $ O=- bottles