In Table 3.1, if the price were $2 the market would Table 3.1 Individual Demand and Supply Schedules. Quantity Demanded By: Price 4.00 3.00 2.00 1826 Ali Kelly Jessie Market 4 0 1 2 4 23 6 4 1.00 Quantity Supplied By: Price Andy Maria Jose Market 4.00 15 3.00 10 50 15 11 11 9 2.00 7 1.00 0 75 5 Be at equilibrium Experience a shortage of 12 units Experience a surplus of 2 units Experience a surplus of 25 units

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