The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $42, $32, $26, $20, and $12 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $12, $20, $26, $32, and $42 (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.

PriceQuantity DemandedQuantity Supplied

($ per widget)(widgets)(widgets)

$12

$20

$26

$32

$42

In this market, the equilibrium price will be..................... per widget, and the equilibrium quantity will be ........................... (options - 5,2,4,3,1,0) widgets.

Reentering the question -

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $42, $32, $26, $20, and $12 (one seller at each price).

Five buyers are willing to buy one widget at the following prices: $12, $20, $26, $32, and $42 (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)

$12

$20

$26

$32

$42

In this market, the equilibrium price will be_______________per widget, and the equilibrium quantity will be____________________ (options for the blank are 5,2,4,3,1,0) widgets.