Demand and Supply

Suppose you want to start a cotton shirt-manufacturing business. You do a market analysis and find the following data.

Price ()	Demand (Units)	Supply (Units)
100	100	40
200	80	50
300	60	60
400	40	70
500	20	80

Determine the equilibrium price and quantity in this market. You may drawthe demand and supply curves using the data provided above for your reference.

a)Price =200 Quantity = 65

b)Price =300 Quantity = 60

c)Price =400 Quantity = 40

d)(Price =350 Quantity = 65