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The table below provides information on the market demand and supply for Farn product. (10 points) Units of Farmers' Product 45 50 56 61 67

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The table below provides information on the market demand and supply for Farn product. (10 points) Units of Farmers' Product 45 50 56 61 67 Demanded per month Price per unit $5 4 3 2 Units of Farmers' Product 77 73 68 61 57 Supplied per month a) What is the equilibrium price? b) What will happen if the market price is $4? C) How would the market react to the situation in part b)

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