Question 3 The table below shows information on the demand and supply for bicycles, where the quantities of bicycles are measured in thousands. Price $120 $140 $160 $180 $200 Qd 60 50 40 30 20 Qs 20 30 40 50 60 3. Graph of the demand and supply curves for bicycles. (1 pts.) Price mer Bike $200 $190 $180 $170 $160 $150 $140 $130 $120 5110 20 25 30 35 Market for Bikes 40 45 50 55 60 65 70 What is the equilibrium price and equilibrium quantity that will be exchanged? (1 pt.) I b. How did you determine the equilibrium price and equilibrium quantity exchanged? Explain your thinking in detail! (1.5 pts.)