(01.06 MC) The following table shows the demand, supply, and…
(01.06 MC) The following table shows the demand, supply, and prices for books in the market. What is the equilibrium price for books, and how is the market impacted if the price rises above equilibrium level? Price (per unit) Quantity demanded (in thousands) Quantity supplied (in thousands) $10 19 39 $8 21 32 $6 25 25 $4 28 19 $2 34 11