The table below shows weekly data for demand and supply of lamb chops at a city supermarket.

Price ($ per kg)	Quantity of lamb chops demanded (00 kg)	Quantity of lamb chops supplied (00 kg)
15 14 13 12 10 9 8 7 6 5	0 1 4 7 10 13 17 20 23 27	18 16 14 12 10 8 6 4 2 0

1. Plot the above data on a graph, graphically displaying the demand and supply Curves. Ensure that you label the curves correctly.
2. Identify the equilibrium price and quantity on the graph.
3. Suppose the supermarket sets a price of $12.00 per kg. Illustrate this on the graph. Comment on the market situation and what would be likely to happen to price and quantity?
4. Suppose the supermarket sets a price of $7.00 per kg. Illustrate this on the graph, and comment on the market situation and what would be likely to happen to price and quantity?
5. What may happen if the government sets a maximum price of $7.00 per kg for lamb chops?
6. Assume that the export (overseas) price of lamb rose sharply. Draw a new graph, for the domestic market for lamb. Explain the reason for any shifts in demand or, supply.