We are examining the market for leather jackets in Ontario. Given below are the demand schedule and supply schedule for this product for one year. Accurately graph the demand and supply curves on one graph and determine equilibrium in this market. Label the graph and axises properly. State where equilibrium is (both price and quantity), don't just point to it on the graph. Make sure you have the price and quantity demanded on the correct axis

The easiest way to create the graph is to create it in Excel, and then copy and paste it over to the Word document. You can also hand draw the graph and copy it over if you forget how to use Excel.

Price	Quantity Demanded
$160	450,000
$250	325,000
$325	285,000
$500	245,000
$700	205,000
$950	175,000
$1,200	100,000
$1,500	55,000

Price	Quantity Supplied
$160	50,000
$250	75,000
$325	125,000
$500	160,000
$700	205,000
$950	300,000
$1,200	450,000
$1,500	525,000