1.Plot the Quantity demanded and Quantity Supplied on graph. Show the equilibrium price and quantity. In addition highlight the area of surplus and shortage as well.

Price per unit	Quantity Demanded	Quantity Supplied	Shortage and Surplus
4	45	15
7	40	25
11	30	45
13	20	55
16	10	65

2. Below is a production possibilities table for consumer goods (automobiles) and capital goods (computers). Show these data graphically, what are the assumptions? If economy is producing 3 automobiles and 20 computers, what could you conclude about its use of available resources?Is production at a point outside the production possibilities curve currently possible?

Type of Production/Alternatives	Automobiles	Computers
A	0	30
B	2	27
C	4	21
D	6	12
E	8	0