2. The table below summarizes information about the market for the principles of economics textbo...

2. The table below summarizes information about the market for the principles of economics textbooks: Price (Tk.) Quantity Demanded Quantity Supplied 100 2000 100 200 1700 400 300 1400 700 400 1200 1200 500 800 1500 a) If the market price is 500 taka how many textbooks will be sold? b) If the market price of textbook is 100 taka, will there a shortage or surplus, and by how much? c) How will sellers respond to this (part b)? d) What is the equilibrium price and quantity of textbooks? e) If more efficient printing machines are invented, show graphically how this affects the equilibrium price and quantity of textbooks sold.