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Answer all the questions. All are related. 3-2. The demand and supply schedules for beef burgers in a fast food store is as follows: Price

Answer all the questions. All are related.

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3-2. The demand and supply schedules for beef burgers in a fast food store is as follows: Price Number of burgers Number of burgers Tk. /burger demanded supplied 200 0 18 180 2 16 160 14 140 6 12 120 10 100 10 80 12 60 14 40 16 20 18 O (a) Plot the demand and supply curves in a graph and identify the equilibrium. (b) Briefly explain how market adjusts to equilibrium if price is at 160 taka. (c) Briefly explain how market adjusts to equilibrium if price is at 60 taka

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