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The table below shows the market demand and supply schedules for pumpkins. (2) (3) (5) (1) Quantity Quantity New Quantity (6) Price Demanded Supplied (4)

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The table below shows the market demand and supply schedules for pumpkins. (2) (3) (5) (1) Quantity Quantity New Quantity (6) Price Demanded Supplied (4) Supplied New Surplus ($ per (pumpkins per (pumpkins per Surplus (+) or (pumpkins per (+) or pumpkin month) month) Shortage (-) month) Shortage $10. 00 22, 000 32, 000 37, 000 3. 00 32, 000 16, 000 32, 000 6. 00 12, 000 27, 000 62, 000 - 16, 000 22, 000 2. 00 62, 000 -32, 000 16, 000 a. Complete the column (3) in the accompanying table. b. Draw a graph showing the demand and supply curves D and So. Plot only the endpoints of the demand curve D, supply curve So, and demand curve Dy for part (e). Plot 6 points In total in the graph. Market Demand and Supply Curves for Pumpkins Tools D So -NWAC O N ODGER S1 Price ($ per pumpkin) 100092000030009 40000 50009 60000 70000 Quantity (pumpkins per month)c. The equilibrium price in this market is (Click to select) v . Only this price meets the conditions of equilibrium, because it is the only price at which there is (Click to select) d. Suppose supply in this market changes so that 37,000 pumpkins are supplied at a price of $10, 32,000 are supplied at $8, 27,000 at $6, 22,000 at $4, and 16,000 at $2 as shown in column (5). This represents a(n) (Click to select) | in supply, and on a graph would be shown by a |(Click to select) | shift in the supply curve. e. Based on the new values in column (5) of the table, fill out column (6), showing the effects of the change in supply shown in part (d) and draw the new supply curve S1 in your graph. To show a shortage enter a minus sign before your numerical response. The new equilibrium price is (Click to select) | and new equilibrium quantity is (Click to select) |pumpkins per month

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