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The Following table shows the demand and supply schedule for pineapple fruits Quantity Demand kg price($) Quantity Supplied in kg 26 5 4 23 10

The Following table shows the demand and supply schedule for pineapple fruits

Quantity Demand kg price($) Quantity Supplied in kg

26 5 4

23 10 9

18 15 14

14 20 18

9 25 23

4 30 26

a.Plot the supply and demand curves.

b.Identify the equilibrium price and quantity

c.What will happen if government passed a law that no seller should sell bellow a price of $25.

d.Explain the market situation at a price of 5.

e.If quantity demanded rises by 50 % at each and every price, what will be the new equilibrium price and quantity? Indicate this change on the original graph above.

f.List factors that would have caused a change in question E above.

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