Price Quantity demanded Quantity supplied 3 150 60 4 100 100 5 70 130 6 50 150   please answer questions below: If the price of chocolate is $5, describe the situation in the market and explain how the price adjust. Chocolate sellers know that Valentine’s Day is next weekend, and they expect the price to be higher, so they withhold 60 chocolates from the market this weekend. What will be the price this weekend?

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Q: Price Quantity demanded Quantity supplied 3 150 60 4 100 100 5 70 130 6 50 150…

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