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Question 7 (05 points) According to the graph. at a price of $35, a shortage would exist and the price would tend to fall. a

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Question 7 (05 points) According to the graph. at a price of $35, a shortage would exist and the price would tend to fall. a surplus would exist and the price would tend to rise. a surplus would exist and the price would tend to fall. - A the market would be in equilibrium Question 6 (0.5 points) According to the graph, at a price of $35, O there would be a shortage of 400 units. O there would be a surplus of 200 units. O there would be a surplus of 400 units. the market would be in equilibrium.Price DI 100 200 300 400 500 600 700 800 a itit ' QU I y According to the graph, at the equilibrium price. 200 units would be supplied and demanded, 400 units would be supplied and demanded. 600 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded

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