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16 . A supply and demand puzzle

12 . 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 scored on any changes you make to this graph. Graph Input Tool (?) Market for Keyboards Supply Price Dollars per 24 keyboard) Quantity 500 Quantity Supplied 150 Demanded (Keyboards) Keyboards PRICE (Dollars per keyboard) Demand 50 100 150 200 250 300 350 400 450 500 QUANTITY (Keyboards) The equilibrium price in this market is |$ per keyboard, and the equilibrium quantity is | keyboards bought and sold per month. 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. Downward Price Shortage or Surplus Amount Upward ( Dollars per keyboard) Shortage or Surplus (Keyboards) 32 Shortage 4816 . A supply and demand puzzle The following graph shows the market for cars in 2015. Between 2015 and 2016, the equilibrium price of cars remained constant, but the equilibrium quantity of cars increased. From this, you can conclude that between 2015 and 2016, the supply of cars 7 , and the demand for cars decreased increased Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in . was unchanged O Supply Demand O Supply PRICE (Dollars per car) Demand QUANTITY (Cars)