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5. The demand schedules for hot dogs for three individuals are shown below. Draw up the market demand schedule for them: Quantity Demanded Price

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5. The demand schedules for hot dogs for three individuals are shown below. Draw up the market demand schedule for them: Quantity Demanded Price Bob Lisa Martin $2.00 2 1 3 $1.75 3 2 4 $1.50 4 3 5 $1.25 5 4 6 Total Quantity Demanded 6. The supply schedule for hot dogs for three sellers are shown below. Draw up the market supply sched- ule for them: Quantity Supplied Total Quantity Price Joe's Speedy Top Dogs Supplied $2.00 300 250 200 $1.75 275 225 175 $1.50 250 200 150 $1.25 200 175 125 7. The following is the demand and supply for pizza by the slice sold by the school cafeteria. Fill in the last column. What price will students actually pay? Quantity Price Quantity Surplus/ Demanded per Slice Supplied Shortage 320 $0.50 160 260 $0.75 200 240 $1.00 240 200 $1.25 260 160 $1.50 320

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