Supply and Demand-Work It Out: Question 3 of 4 The accompanying table gives the supply and demand for orchid leis in Hawaii. Price Assume that luxury hotels in Hawaii begin cost-cutting measures and no longer present guests with leis upon check-in. 15 This reduces demand for orchid leis by 8,000 units at every price. Using this new information, indicate the following: Quantity demanded Quantity supplied (S/unit) (thousands) (thousands) 5 24 16 10. 20 20 16 24 20 12 28 25 8 32 Quantity demanded at a price of $5: thousand Quantity demanded at a price of $10 thousand The new equilibrium price is per lei, and the Quantity demanded at a price of $15: thousand new equilibrium quantity is thousand