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u may look at the English language and ignore the Malaysia language (b) The function of a market demand and supply for ice cream market

u may look at the English language and ignore the Malaysia language image text in transcribed

(b) The function of a market demand and supply for ice cream market in Malaysia are given below. In each case, Q is the quantity to ice cream units and P is the price (in RM) per unit of ice cream: Qd = 75 -4P Qs = 15 + 2P Fungsi permintaan dan fungsi penawaran bagi ais krim pasaran di Malaysia seperti dibawah. Dalam setiap kes. Q ialah kuantiti kepada unit ais krim dan P ialah harga (dalam RM) seunit ais krim: Qd = 75 - 4P Qs = 15 + 2P i) Calculate the equilibrium price and quantity for this ice cream market. Kirakan keseimbangan harga dan kuantiti ais krim dipasaran. [8 marks] [8 markah]. ii) Sketch the market equilibrium curve and label the market equilibrium with necessary point. Lakarkan keluk keseimbangan pasaran dan tandakun titik keseimbangan pasaran. [4 marks] [+ markah] iii) Interpret Ceiling Price in government interventions at the market price. Tufsirkan Harga Syiling dalam campur tangan kerajaan ke atas harga pasarun. [3 marks] [3 marks]

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