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Read DetailsThe table shows information on the conditions of demand and…
The table shows information on the conditions of demand and supply for designer purses, where the quantity of designer purses is measured in thousands. For each price, select the correct category and calculate the shortage/surplus (if any). Price Quantity Demanded Quantity Supplied $700 490 420 $900 450 450 $1,100 400 520 $1,300 320 650 $700: [ans1] of [ans2] $900: [ans3] of [ans4] $1,100: [ans5] of [ans6] $1,300: [ans7] of [ans8]
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