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HW - Market Equil. and Policy The graph below depicts the market for oranges at a local farmers' market. 6 Market for Oranges 0.1 1.0 points 0.9 0.8 Print 0.7 0.6 Price (dollars 0.5 0.4 0.3 0.2 0.1 50 70 90 110 130 150 170 190 Quantity (pounds) Instructions: Enter your answers as a whole number. a. If a producer tries to sell oranges at a price of $0.80 per pound, what will be the quantity demanded and quantity supplied at this price? Qd =[ pounds of oranges Qs =[ pounds of oranges b. Determine whether there is a surplus or a shortage at a price of $0.80 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. Graw