Principal of macroeconomic

The table shows the demand and supply schedules for energybae. W (dollars p3,. demanded supplied bar) (energy bars per day) 3.00 3,300 300 At the initial equilibrium price. is there a surplus or a 3.25 2.800 800 shortage of energy bars? 350 2,300 1,300 3.75 1,800 1,800 4.00 1,300 2,300 Mall in income decreases the quantity demanded by 1,000 bars a day at each price. How does the price of a bar change as the market moves to its new equilibrium? What is the new equilibrium price and equilibrium quantity? At the initial equilibrium price. there is a of energy bars. The price of a bar as the market moves to its new equilibrium. 0 A. surpluszfalls O B. shortage; rises O c. shortagealls O D. surplus; rises , O E. surplus; remains unchanged The new equilibrium price is 3D a bar and the new equilibrium quantity is D bars a day