The equilibrium price in this market is__________________   per teapot, and the equilibrium quantity is__________________    teapots bought and sold per month.     Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Shortage or Surplus Amount Pressure (Dollars per teapot) (Teapots) 48 Shortage           32

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