The supply and demand curves for a new product created by Widgetbin, Inc are
shown in the graph below.

Part A
What is the equilibrium price for the new product?

Part B
At a price of $2.50 per unit, what will be the approximate difference in quantity of
the product in terms of the supply and demand? What will Widgetbin do in
response to this?

Part C
At a price of $6.00 per unit, what will be the approximate difference in quantity of
the product in terms of the supply and demand? What will Widgetbin do in
response to this?