Activity 1:read the instruction and answer also the ff ques below.

Direction/ Instruction Use a separate bond paper for the graphs. Use data in the table to draw two grapha the market demand and supply curves, and the individual demand curve for Altura Mining Limited. Assume this is a perfectly competitive market, and that Alturn is one firm in that market. Market Coal Demand and Supply Schedule Per Month Price per ton (pesos) Market Demand (tons) Market Supply (tona] Php10.000 4,000,000 8,000,000 8,750 5,000,000 7,000,000 7,500 6,000 000 6.000,000 6,250 7,000,000 5,000.000 5,000 8.000,000 4,000.000 Answer the following question: 1. What is the market equilibrium price? 2. How did you derive the individual demand curve for Altura