5. The following table gives the daily supply and demand for hot dogs at a sporting event: Price, Quantity Quantity S demanded supplied 2.5 800 6,800 1.80 1,550 4,800 1.65 2,350 2,350 1.50 3,200 800 1.20 4,000 200 a). What is the equilibrium price of hot dogs? What makes you think so? (1marks) b). If the organizers of the sporting event decide to set the price at 1.80, how many hot dogs will be sold? (2marks)