The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. Enter an amount into the Price field to...

Extracted text: The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. Enter an amount into the Price field to see the quantity demanded and quantity supplied at that price. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Calendars Price (Dollars per calendar) 30 Supply Quantity Demanded Quantity Supplied (Calendars) 500 (Calendars) Demand + sE 0 1 2oe ase e e se QUANTITY (Calendan The equilibrium price in this market is 250 $50 per calendar, and the equilibrium quantity is calendars 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. Shortage or Surplus Amount Price (Dollars per calendar) Shortage or Surplus (Calendars) Pressure on Price 40 60 PRICE (Dolan per calendar)