# Pg. 71-72

Equilibrium Practice #2

Title notebook p. 71-72, “Equilibrium Practice #2” and divide the page into four boxes (there will be four sets of questions).

For each question, graph the information and answer the questions.

1. Donuts
 Price QS QD \$1 2 10 \$1.50 4 8 \$2 6 6 \$2.50 8 4 \$3 10 2
1. Where is equilibrium located? Price: ___________ Q: _______
2. If you wanted to sell the donuts at \$2.50, would there be a surplus or a shortage? How do you know?
3. The Dearborn Police Department eats a lot of donuts. If this donut place charges \$1 per donut, would the police department be happy? Explain.

1. Cell phone chargers
 Price QS QD \$2 3 12 \$4 6 10 \$5 8 8 \$6 10 7 \$7 12 5
1. Where is equilibrium located? Price: ___________ Q: _______
2. If you wanted to sell cell phone chargers at \$2, would there be a surplus or a shortage?

1. Playing Cards
 Price QS QD \$0.50 3 12 \$1 6 10 \$2 8 8 \$4 10 7 \$5 12 5
1. Where is equilibrium located? Price: ___________ Q: _______
2. If you wanted to sell a deck of playing cards at \$2, would there be a surplus or a shortage?

1. Packs of Index Cards
 Price QS QD \$0.25 5 13 \$0.50 7 8 \$1.00 9 5 \$1.25 11 2

1. Where is equilibrium located (Estimate)? Price: ___________ Q: _______
2. Students at Fordson need to make flashcards to study for finals. Target is selling index cards for \$0.25 per pack.
1. Will there will a shortage or a surplus?
2. How will students feel about these inexpensive index cards?