Demand and Supply Schedules for RICE Price (Php) Quantity Demanded Quantity Supplied 20 580 245 25 565 263 30 550 281 35 535 299 1. Determine the demand function for rice. 2. Solve for the supply function. 3. Find the market equilibrium price 4. Find the equilibrium quantity. 5. If the current demand function increases by 50% what would be the new demand function of rice? 6. If the current quantity supplied would increase by 139 units, what would be the new supply function? 7. Find the new market equilibrium price