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Consider the following supply and demand schedule of wooden tables. a. Draw the corresponding graphs for supply and demand. b. Using the data, obtain the

Consider the following supply and demand schedule of wooden tables. a. Draw the corresponding graphs for supply and demand. b. Using the data, obtain the corresponding supply and demand functions. c. Find the market-clearing price and quantity. (20 Points)

PRICE (THOUSANDS USD) SUPPLY DEMAND
2 96 110
4 196 190
6 296 270
8 396 350
10 496 430
12 596 510
14 696 590
16 796 670
18 896 750
20 996 830

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