Ill TNT LTE @ 11:47 AM @ 39% X quiz assignm... TARLAC AGRICULTURAL UNIVERSITY NABM 04 APPLIED ECONOMICS QUIZ ASSIGNMENT- MIDTERM Deadline of submission: April 5, 2022 Answer the following: 1. Plot the graph of the demand and supply schedule below, determine the equilibrium quantity and equilibrium price, and label each curve. Supply & Demand Schedule for Rice Price per Kilo (in Quantity Supplied (in Quantity Demanded pesos) kg) (in kg) 39 100 350 44 150 300 46 200 200 48 250 150 50 300 100 52 350 50 As shown in Table above, plot the hypothetical supply and demand schedule for rice at various prices. Based from the given variables, determine the following. 1. Equilibrium Price ( EP) 2. Equilibrium Quantity Supplied (EQS ) 3. Equilibrium Quantity Demanded (EQD) Solve the following problems: (Write/Show your solution, 20pts each, and affix your signature and date of submission below) 2. The shoe company in Marikina have decided to increase to 18% per pair of shoes to due to its high operating and production costs. The unit cost is 599.00. The original and new demand of pairs of shoes reached 500 to 450 units respectively Calculate the price elasticity of demand, determine the type of elasticity and plot the graph of price elasticity