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Find the equilibrium price and quantity

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Price Quantity Demanded Quantity Supplied

$0.25 100 0

$0.50 90 15

$0.75 80 30

$1.00 70 45

$1.25 60 60

$1.50 50 75

$1.75 40 90

$2.00 30 105

$2.25 20 120

The demand and supply schedules for hats are above.

a) Plot both in a graph.

b) Find the equilibrium price and quantity.

c) Calculate the demand and supply equations.

Reference no: EM132586641

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