Suppose the individual demand equation for bananas is Dd = 24 - 2P9 and the individual supply equation is expressed as Q5 = 3 + 1P9. a. Tabulate the Market Schedule {Demand and Supply Schedule] using the market prices, Pat], 1, 2, 3, 4, 5, 6, ?, B, 9, 10 and 11, respectively b. Graph the demand and supply curves using the y-axis as the Ft,I and xaxis as the Economics 21%. Price Theory: Basic Microeconmnics 43 Quantity, 0:! 1'05 c. Determine the equilibrium point, e,._. graphically and mathematically (Cid = 05). What is the Equilibrium Price, F'. and Equilibrium Quantity, Q5 d. Identify the areas of Market Shortage and Market Surplus