The widget market is competitive and includes no transaction costs.

Five suppliers are willing to sell one widget at the following prices: $24, $14, $8, $4, and $2 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $8, $14, $24, $30, and $34 (one buyer at each price).

For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied.

Price Quantity Demanded Quantity Supplied

($ per widget) (widgets) (widgets)

$2 __________ __________

$4 __________ __________

$8 __________ __________

$14 __________ __________

$24 __________ __________

$34 __________ __________

In this market, the equilibrium price will be _______ per widget, and the equilibrium quantity will be_______ widgets.