S27 / Pricin Equilibrium Price 40 50 so to 20 an Price Floors 40 50 60 70 20 it) Price Ceilings 9 SYStems Market Equilibrium through Supply and Demand - Identifying the Equilibrium Price Label the Demand Curve (D) Label the Supply Curve (8) G Label the Equilibrium Price (Market Price) What is the Equilibrium Price? What is the Equilibrium Quantity? - When is a price oor commonly used? _____,___- Price Floors What is the quantity supplied (08) at the price floor? What is the quantity demanded (QD) at the price floor? is there a shortage (08 QD) with this price floor? How much? of - Price Ceilings - When is a price ceiling commonly used? __________. What is the quantity supplied (QS) at the price ceiling? What is the quantity demanded (QD) at the price ceiling? Is there a shortage (QS QD) with this price ceiling? How much?I of