Complete the sentences analyzing the schedule below: Demand and Supply Schedule of Hamburger per Week PRICE QUANTITY DEMANDED QUANTITY SUPPLIED 10 500 100 12 400 200 18 300 300 20 200 400 22 100 500 1. A shortage exists at price(s)___________ and ____________. 2. A surplus exists at price(s)____________and________________. 3. The equilibrium price is _____________. 4. The equilibrium quantity is _________. 5. If the price is 20, there would a ________ of __________hamburgers.

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