X + TM2NTK5MDA1/a/NDk20DA10TAyNTQ1/details Exercise 4/4 Table shows the quantities of paddy demanded and supplied at various prices. Price per ton Quantity Supplied Quantity Demanded (RM) Surplus/Shortage (ton) (ton) (ton) 80 6000 12000 90 8000 11000 100 10000 10000 110 12000 9000 a.) Complete the table by specifying whether there will be a shortage or surplus and size of it. b.) On the graph paper, draw the demand and supply curves for paddy. c.) What is the equilibrium price and quantity of paddy? d.) The government gave farmers aids in the form of fertilizers and insecticide. As a result, the paddy yield increased by 3000 tons at every level of quantity demanded. Show, on the same graph, the effect of the aids on the market for paddy. e. ) What is the new equilibrium price and quantity of paddy? (15 marks) Page 2 O Ei 30.C Light rain acer DO DOLBY Any F5 F6 F7 F8 F9 F10 F11 F12 Pr NumLk Scr LK Sy & 8 9 5 6 8 4 5 O 6 P G H K 2 3