Question: please find the attached question . AutoSave . OFF 3 Tutorial Submission Question 1 (4) - Saved to my Mac ~ Q Home Insert Draw

please find the attached question .

please find the attached question . AutoSave . OFF 3 Tutorial Submission

AutoSave . OFF 3 Tutorial Submission Question 1 (4) - Saved to my Mac ~ Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Arial * 12 A A Aa Po AaBbCcDdEe AaBbCcDdEe Aa BbCcDc AaBbCcDdEt Paste BI Uvab X X|ADVA v Normal No Spacing Heading 1 Heading 2 Styles Dictate Sensitivity Pane E B Q Question 2 Suppose the graph below represents the demand and supply for cotton wool at various prices, answer the questions that follow. 1 Price (AUD) 6 DD 5 4 2 2 1 10 20 30 40 50 60 70 80 90 Cotton wool (Kg) The graph above is represented in the table below. Please complete the table below identifying the shortage or surplus Price per Kg Demand (DD) | Supply (SS) Surplus (+) Shortage (-) 89 29 CO 1 70 40 55 55 39 67 5 25 80 11 95 A. Based on your findings in the table above, what is the market equilibrium price and quantity for cotton wool? (5 marks) B. Also, please examine the effects of government legislation on the cotton wool market if the government fixed the price of cotton wool at 2.00? (5 marks) Page 3 of 8 1258 words Ox English (Australia) Focus E 100%

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