I need help with 4,5, and 6 Directions: Use the graphs to answer the questions that follow.Cups of Coffee$6$5$4$3"Demand$2Supply$1QuantityAccording to the graph above, what is the equilibrium price?2. According to the graph above, what is the equilibrium quantity?3. If the price is $5, how many cups of coffee will consumers wish to purchase?4. If the price is $5, how many cups of coffee will producers wish to sell?5. Will this result in a surplus or shortage of cups of coffee?6. If the price is $1, how many cups of coffee will consumers wish to purchase?7. If the price is $1, how many cups of coffee will producers wish to sell?8. Will this result in a surplus or shortage of cups of coffee?PriceOST

The equilibrium is established where the demand and supply are equal.

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