There are two buyers (Zeus and Athena) and two sellers (Hermes and Hera) in the market for icecream in a small neighbourhood in Sydney. The weekly individual demands and individual supplies of each seller at different market prices are given in the following tables: Market Price Demand of Zeus Demand of Athena Supply of Hermes Supply of Hera $1 10 7 1 1 $2 8 6 2 2 $3 5 5 3 2 $4 4 3 5 2 $5 1 1 7 3 Assume that the market is perfectly competitive. For each of the following questions, select the correct answer from the dropdown box. (a) If the market price is $2, quantity demanded by the market is equal to [ Select ] 2 17 10 14 units of icecream. (b) The equilibrium price is [ Select ] $1 $2 $3 $4 $5 . (c) If the market price is $3, there is a [ Select ] shortage surplus of icecream in the market equal to [ Select ] 5 8 10 0 units of icecream. 多重下拉选择题
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