The table below shows the demand and supply for fuji apples in Peterborough.

PriceQuantity DemandedQuantity Supplied 1Quantity Supplied 20200120219013041801406170150816016010150170

a. What is the equilibrium price and quantity traded?

The equilibrium price is $and the quantity traded is.

b. Suppose supply increases by 20. Complete the last column in the table above.

c. What would be the price and quantity traded at the new equilibrium?

The equilibrium price is $and the quantity traded is.

d. After the increase in supply, at a price of $8 there would be a

(Click to select)

shortage

surplus

ofunits.