Question: Solve Problem 1 and Problem 2. Check the link for the sample on how to solve demand function, supply function, and market equilibrium price. https://docs.google.com/document/d/1fdHAaM1bMYRUzJGxkaB8yOo6SQ9KHA1HpT1-7z3XdB4/edit?usp=sharing

Solve Problem 1 and Problem 2. Check the link for the sample on how to solve demand function, supply function, and market equilibrium price. https://docs.google.com/document/d/1fdHAaM1bMYRUzJGxkaB8yOo6SQ9KHA1HpT1-7z3XdB4/edit?usp=sharing

Problem 1

Problem Solving Using a yellow pad, answer the questions on market equilibrium Suppose the following demand and supply schedule gives the following data for wooden tables. Price (P) Quantity Demanded (Qd) Quantity Supplied (Qs) $2 96 26 $4 92 29 $6 88 32 $8 84 35 $10 80 38 1. What is the demand function? (5 points) 2. What is the supply function? (5 points) 3. What is the market equilibrium price? (3 points)Find the Equilibrium Q and Price. Write your solution on a plece of paper. Send your answer here

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