Price Quantity Demanded Quantity Supplied

$0.25 100 0

$0.50 90 15

$0.75 80 30

$1.00 70 45

$1.25 60 60

$1.50 50 75

$1.75 40 90

$2.00 30 105

$2.25 20 120

The demand and supply schedules for hats are above.

a)Plot both in a graph.

b)Find the equilibrium price and quantity.

c)Calculate the demand and supply equations.