Price Quantity Quantity (dollars per disc) demanded supplied 4 36,000 4,000 8 32,000 8,000 12 28,000 12,000 16 24,000 16,000 20 20,000 20,000 24 16,000 24,000 28 12,000 28,000 32 8,000 32,000 36 4,000 36,000 Answer the following questions using the table above. a. What are the equilibrium price and quantity? b. If the price were $8, what type of inefficiency would characterize the market