Question $1$

Given the table below:

$\backslash$table$[[$Price$,\backslash$table$[[$Quantity Demanded$],[$Per Month$]],\backslash$table$[[$Quantity Supplied$],[$Per Month$]]],[$$$5,6,000,10,000],[$$$4,8,000,8,000],[$$$3,10,000,6,000],[$$$2,12,000,4,000],[$$$1,14,000,2,000]]$

What is the equilibrium price and the equilibrium quantity?

Suppose the price is currently $$5.$ What problem would exist in the market? What would you expect to happen to price?

Suppose the price is currently $$2.$ What problem would exist in the market? What would you expect to happen to price?