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solve Step wise please The following table gives the daily supply and demand for snacks at a sporting event: Price (RO) Quantity demanded Quantity Supplied

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solve Step wise please

The following table gives the daily supply and demand for snacks at a sporting event: Price (RO) Quantity demanded Quantity Supplied 2.000 400 3000 1.500 1000 2400 P (A +500) - (2 x A)P (A + 300) + (4 x A)P 0.950 3240 5300 a. If the quantity demanded and supplied are equalized at P. Find the value of P. (10 Marks) b. If the organizers of the sporting event decide to set the price at 1.500, how many snacks will be sold? (5 Marks) Note: A is the last two-digits of your MEC ID number. E.g., your ID is 19F181234, so A is 34. If A is zero, select the first two digits after English alphabet from your ID

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