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a. The demand and supply for monthly gum memberships are given as: = 600 10 ... ... ... ... ... ... ... ... ... ...

a. The demand and supply for monthly gum memberships are given as: = 600 10 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1 =10 300 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 2 If the current price for memberships is N50 per month, is the market in equilibrium? Would you expect the price to rise or fall? If so, by how much?

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