The table below shows the supply and demand schedules for sales of rolls of toilet paper.

PRICE QUANTITY DEMANDED QUANTITY SUPPLIED (rolls/week)

(dollars/rolls) (rolls/week) (rolls/week) $2.00 3,000 1,000

$3.00 2,500 1,500

$4.00 2,000 2,000

$5.00 1,500 2,500

$6.00 1,000 3,000

Q-If the price of toilet paper is $3/roll, describe what forces are at play in the toilet paper market. Explain how market equilibrium is restored. answer with diagram