Use the graphs to answer the questions that follow. Cups of Coffee $6 $5 $4 $3 Demand $2 Supply $1 $0 2. Quantity ording to the graph above, what is the equilibrium price? ording to the graph above, what is the equilibrium quantity? ue price is $5, how many cups of coffee will consumers wish to purchase? ne price is $5, how many cups of coffee will producers wish to sell? IS 1 this result in a surplus or shortage of cups of coffee? ne price is $1, how many cups of coffee will consumers wish to purchase? ne price is $1, how many cups of coffee will producers wish to sell? I this result in a surplus or shortage of cups of coffee? Price OS

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