Saved Help Save & Exit Submit neck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 60 Return to question 4. 90 81 21| a. What is the equilibrium price? $ 4 0 At what price is there neither a shortage nor a surplus? $ 4 b. Draw the supply curve and the demand curve and locate the equilibrium price and quantity. Instructions: 1. Use the line tools to draw the supply curve (Supply) and the demand curve (Demand) using the data in the table above. Include each price-quantity combination (i.e., each line should contain 6 reference points). 2. Use the drop line tool (Eq) to identify the equilibrium price and quantity. 3. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. Your Graph Score: 85% Market for Wheat Next > 15 of 20 View previous attempt 15 Check my work Refer to the table below. Fill in the surplus-shortage column. Instructions: In the table below, enter integer values in the last column -- positive values for surpluses and negative values for shortages. If you are entering any negative numbers, be sure to include a negative sign (-) in front of those numbers. ints Thousands of Bushels Surplus (+) or Price per Bushel Thousands of Bushels Demanded Supplied Shortage (-) eBook Thousands 85 $3 . 40 72 -13 Print 80 3. 70 73 -7 References 75 4.00 75 70 4.30 77 7 65 4. 60 79 14 60 4. 90 81 21 a. What is the equilibrium price? $ 4 At what price is there neither a shortage nor a surplus? $ 4 b. Draw the supply curve and the demand curve and locate the equilibrium price and quantity. Instructions: 1. Use the line tools to draw the supply curve (Supply) and the demand curve (Demand) using the data in the table above. Inclu Mc Graw Hill MacBook DO F10