At the market price of $8, the quantity demanded is ______ units, and quantity supplied is ______ units. Part 2 At this price, ______ a surplus a shortage an equiLiBrium exists. Part 3 At a market price of $4, ______ an equiLiBrium a surplus a shortage now exists. Part 4 The market equiLiBrium exists at a price of $______. Part 5 In equiLiBrium, the quantity demanded by consumers is ______ greater than equal to less than to the quantity supplied by producers.
