3. In KlI'IESlJlJW County, there is a demand and supply schedule for fast food. Here is the table below: m Quantity Supplied Quantity Demanded a. Draw the supplyr and demand curve based on the table above. b. What is the equilibrium price and quantity? c. If fast food restaurants set the price at $5.50, then how would markets react? Would it be in equilibrium or would it be a surplus or shortage? d. If fast food restaurants set the price at $4.50, then how would markets react? If it is not in equilibrium, then how would they;r respond in order to get back to equilibrium