5- The market for pizza has the following demand and supply schedules: PRICE ($) QUANTITY QUANTITY DEMANDED SUPPLIED 4 135 26 5 104 53 81 81 7 68 98 8 53 110 39 121 Graph the demand and supply curves. What is the equilibrium price and quantity in this market? If the actual price in this market were above the equilibrium price, what would drive the market

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A: Given information extracted from the table:Equilibrium quantity = 30Equilibrium price = $6

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Q: SECTION B Short Answer Questions (15 marks) 1. The demand and supply schedules for grapes are set…

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