Price of shorts (in S/pair) 1. Name the two curves on the right So $100/pair a. Market demand curve for shorts b. 2. Assume demand for shorts is depicted by Do and supply of shorts is depicted by So: Determine the following, if the price of $50/pair shorts - $70/pair a. go shorts where ( shorts is an abbreviation for the term quantity demanded Do b. ($ shorts = 7 million pairs/month where ( shorts is an abbreviation for the term quantity supplied 5 million quantity of shorts ( in c. size of the excess supply of shorts pairs/month) d. What is market force will cause this excess supply of shorts to eliminated in a short period of time