Question 3 The demand and supply curves for composition notebooks can be described by the following equations: Demand Od = 100-20P, Supply Os = 10+40P A. Complete a demand schedule and a supply schedule for composition notebooks based on the prices $0.5, $1.00, $1.50, $2.00 and $2.50. (5 marks) B. Identify the equilibrium price and quantity. (2 marks) C. Plot the information on a well labelled diagram. Identify the equilibrium with an E. (7 marks) D. Calculate excess supply or demand when P = $2.00. (3 marks) E. Compute shortage or surplus when P = $0.50. (3 marks) (Total 20 marks)