Price Quantity Supplied Quantity Demanded

$160 60000 200,000

$200 90000 160,000

$240 120000 120,000

$280 150000 80,000

$320 180000 40,000

1. At allprices other than equilibrium, based upon the numbers provided above, state

whether there is a shortage or surplus of textbooks and how large this shortage or surplus

is at each price.