1. . Can you construct the demand and supply curve using the given data.

Price	Demand	Supply
P10	10	2
P20	8	4
P30	6	6
P40	4	8
P50	2	10

2. Use the data from the chart above. If you are a seller in this business, what would happen to market supply if the government sets a price ceiling belowP30?

3. For you, Governments can impose laws and regulate prices in the market. Should governments interfere in the interaction of demand and supply in the market? Why? If yes, give specific advantages, if no, give specific disadvantages.