Graphing Supply and DemandThe supply and demand schedules for ECON videos in Econville are as follows:DemandSupply500400300200100Price/Econ Video100200300400500Shortage or Surplus??$20.00$30.00$40.00$50.00$60.00Instructions:12345678Graph the demand for Econ VideosGraph the supply for Econ VideosWhat is the equilibrium price of Econ videos?What is the equilibrium quantity of Econ videos?Fill in the Surplus or Shortage columnWhat would result if the government of Econville set the price at $25.00?What happens to price when a shortgage exists in a market?Do you think equilibrium or disequilibrium prices are most common in the "real wle set the price at $25.00?s in a market?s are most common in the "real world"? And Why?
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