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b.	If the equilibrium price for organic pears adjusts to $6.50/pound, will there be a shortage or a surplus?
Based on the drawing of the graph, the equilibrium price is $4.50/pound. This corresponds to the equilibrium quantity of 55 pounds.
However, if the price changes to $6.50/pound, then the supply curve would be at $6.50. This curve shows that the sellers are going to offer more at a higher quantity of 85 pounds. 
As for the demand curve which is at $6.50, this shows how buyers are paying lower quantities at 35 pounds. 
Additionally, the quantity presents 85 pounds. In demand, this is larger than the quantity of 35 pounds. If this the case, there will be a surplus of pears in the market. 
c.	Illustrate the shortage or surplus on your graph.

d.	What would pear growers have to do to bring the market into equilibrium?
In order to bring the market back into equilibrium, the pear growers would have to lower their price of pears. However, quantity demand increase if the growers reduce the price that is closer to the original equilibrium price of $4.50/pound. When that occurs, then the quantity that is supplied will decrease.
Overall, this change can lower the surplus. This can bring the market back to a state where the quantity demanded equals the quantity supplied. 



The equilibrium price on your original graph is $4.50 per pound with a corresponding quantity of 55 pounds of organic pears. Based on the graph you provided:

**b. Surplus at $6.50/pound:**
- At the new price of **$6.50 per pound**, the **supply curve** indicates that sellers are willing to offer **85 pounds** of organic pears.
- However, the **demand curve** shows that buyers are only willing to purchase **35 pounds** at this price.
- Since the quantity supplied (85 pounds) exceeds the quantity demanded (35 pounds), there is a **surplus** of organic pears in the market. Specifically, the surplus would be:
  \[
  \text{Surplus} = \text{Quantity Supplied} - \text{Quantity Demanded} = 85 - 35 = 50 \text{ pounds}.
  \]

**c. Illustrating the Surplus:**
- To illustrate the surplus on your graph, mark the quantity demanded at **35 pounds** and the quantity supplied at **85 pounds** on the horizontal axis where the price is **$6.50** per pound. The surplus is the horizontal distance between these two points on the graph (50 pounds).
  
**d. Restoring Equilibrium:**
- To bring the market back into equilibrium, **pear growers** would need to **lower the price** of organic pears from $6.50 per pound toward the original equilibrium price of **$4.50 per pound**.
- As the price decreases, the **quantity demanded** by consumers would increase, and the **quantity supplied** by sellers would decrease, reducing the surplus.
- When the price is reduced to $4.50 per pound, the market will return to equilibrium, where the quantity demanded equals the quantity supplied at 55 pounds.

Would you like help illustrating the surplus on the graph, or more details on any of these points?

Here are 5 related questions:
1. What factors could cause the demand curve to shift to the right or left?
2. How might a government-imposed price floor affect the surplus in this market?
3. What happens if both supply and demand increase at the same time?
4. Could external factors, such as changes in consumer preferences, affect the equilibrium price of organic pears?
5. How can pear growers respond if they expect a continued surplus in the market?

**Tip:** In economics, a **surplus** occurs when the market price is higher than the equilibrium price, leading to excess supply.

b. If the equilibrium price for organic pears adjusts to $6.50/pound, will there be a shortage or a surplus? c. Illustrate the shortage or surplus on your graph. d. What would pear growers have to do to bring the market into equilibrium?

Determine if a surplus or shortage occurs when the price of organic pears adjusts to $6.50 per pound. Explore how pear growers can restore market equilibrium by reducing prices to match supply with demand. Suitable for high school economics students.

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