5. This question deals with demand and supply of cabbage and refers you to the table below. a. Given the table, graph the demand and supply curves for cabbage. Make certain to label equilibrium price and equilibrium quantity. ( 3 marks) b. What is the equilibrium price and equilibrium quantity? ( 1 mark) c. Suppose the price is currently at $5. What problem would exist in the economy? What would you expect to happen to price? Show this on your graph. (2.5marks) d. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price? Show this on your graph. (2.5marks) 6. What is the quick ratio of a company that has current assets of $1.000,000, inventory of $250,000 and current liabilities of $500,000 ? (Quick ratio = (Current assets - Inventory) Current liabilities) (2 marks)