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The demand and supply schedules for sunscreen at a small beach are shown below. Market for Sunscreen Quantity of Quantity of Price Sunscreen Sunscreen (dollars

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The demand and supply schedules for sunscreen at a small beach are shown below. Market for Sunscreen Quantity of Quantity of Price Sunscreen Sunscreen (dollars per Demanded Supplied bottle ) (bottles) (bottles) $35 1,000 8,500 30 2, 000 7,000 25 3,000 5,500 20 4, 006 4,000 15 5,000 2, 500 10 6, 000 1, 000 Instructions: Enter your answers as a whole number. a. If the price is $15 per bottle, how many bottles of sunscreen are demanded and supplied? Qd= bottles Q s= bottles In this case, there would be downward pressure on the price. b. What is the equilibrium price and quantity in the market for sunscreen? P= $ Q: bottles

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