ME - myUFV Apple Disney Yahoo! SUPPLY AND DEMAND ACTIVITY SELLING PRICE $1.00 $2.00 $4.00 Zimbra: Inbox NUMBER SUPPLIED PER WEEK 35 130 320 NUMBER REQUESTED PER WEEK 530 400 140 1. Use the data to graph the SUPPLY and DEMAND on a coordinate grid. (x-axis-price, y-axis-number of items) 2. If the selling price is set to $2.50, how many disappointed customers will there be per week? 3. If the selling price is set to $3.80, how many unsold items will remain per week? 4. If the items were to be given away for free, how many items would be needed per week? 5. Estimate the price where supply and demand will be in equilibrium. 6. Find an equation for the supply (S) as a function of the selling price (P). 7. Find an equation for the demand (D) as a function of the selling price (P). https://mymail.u 8. Solve the system of equations to find an exact price for the equilibrium. Compare to your estimate in question 5.