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Draw the supply and demand curves

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Reference no: EM131701430

Question - Consider the following supply and demand table for dark chocolate.

Price per bar:

Quantity supplied

Quantity demanded

$0.50

10

75

$1.00

20

55

$2.00

35

35

$3.00

50

25

$5.00

60

10

Use this information to answer the following questions. Explain your answer clearly, and fully.

(a) Draw the supply and demand curves in a clearly labelled diagram.

(b) What is this market's equilibrium price and quantity?

Reference no: EM131701430

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