Question: Hypothetical supply and demand data for coconut are shown below Price (FCFA) Quantity demanded Quantity Supplied 100 O 80 10 15 60 40 20 50

 Hypothetical supply and demand data for coconut are shown below Price

Hypothetical supply and demand data for coconut are shown below Price (FCFA) Quantity demanded Quantity Supplied 100 O 80 10 15 60 40 20 50 50 30 70 30 O 100 a) Find the equilibrium price. Explain. b) From the data what is excess demand or supply of coconut at the following prices: 10 FCFA, 25FCFA c) How would you expect price to change in (b) above? d) What happens to the demand curve for coconut when the price of pork meat falls? How will the equilibrium, in the market for cow meat be affected? e) Following technological change the maximum price any consumer is willing to pay for coconut is 5FCFA. What happens to the market for coconut

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