Supply and Demand-Work It Out: Question 4 of 4 The accompanying table gives the supply and demand for orchid leis in Hawaii. Now assume that severe monsoons and civil unrest in Thailand lead to a reduction in orchid production by an amount equivalent to 8,000 orchid leis supplied at every price. Using this new information, indicate the following: Price ($/unit) Quantity demanded (thousands) Quantity supplied (thousands) 5 16 16 10 12 20 15 8 24 20 4 28 25 0 32 Quantity supplied at a price of $5: thousand Quantity supplied at a price of $10: thousand Quantity supplied at a price of $15: The new equilibrium price is per lei, and the thousand new equilibrium quantity is thousand Check Answer