This question deals with demand and supply and refers you to the table below.   Price Quantity Demanded/Month Quantity Supplied/Month $5  6,000 10,000 $4  8,000  8,000 $3 10,000  6,000 $2 12,000  4,000 $1 14,000  2,000   a. What is the equilibrium price and equilibrium quantity? b. Suppose the price is currently at $5. What problem would exist in the economy? What would you expect to happen to price? Show this on your graph. c. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price? Show this on your graph.

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