Price Quantity demanded Quantity supplied

(dollars per meal) meals per week

4 3,000 1,500

5 2,700 2,000

6 2,500 2,500

7 2,250 3,000

8 2,000 3,500

The table sets out the demand and supply schedules for college meals.

6.a.What is the market equilibrium?

b.If the college put a price ceiling on meals at $7 a meal, what is the price students pay for a meal? How many meals do they buy?