The table below shows the demand and supply schedules for a product.
Price (Sh. Per
Kg.)
Demand
(Kg)
Supply
(Kg.)
10 100 20
20 85 36
30 70 53
40 55 70
50 40 87
60 25 103
70 10 120
Required:
Plot the demand and supply curves and determine the equilibrium price and
quantity