Exhibit 3-8 Demand and supply data for radios Price Quant…

Exhibit 3-8 Demand and supply data for radios Price Quantity Demandedof Radios Quantity Suppliedof Radios $75 400 900   70 450 850   65 500 800   60 550 750   55 600 700   50 650 650   45 700 600   40 750 550 In Exhibit 3-8, if the price of radios was currently $45, there would be an ____ of ____ radios in this market.