. I) The following table gives the daily supply and demand for hot dogs at a Sporting event : Price Quantity Quantity demanded Supplied 2. LO 800 7, 200 1. 80 1 600 4, 800 1- 60 2, 400 2, 400 1-40 3, 200 800 1. 20 4, 100 200 00 A . What is the equilibrium price P 3. IF the price for hotdogs is 2. 20 what will be the result a Surplus or a shortage ? How much will it amount to ? 2 ) what determines the price of an item? 30 Draw a Demand Curve 4D Draw a Supply Curve