Question: Suppose the graph below represents the demand and supply for rice at various prices, answer the questions that follow. The graph above is represented in

Suppose the graph below represents the demand and

Suppose the graph below represents the demand and supply for rice at various prices, answer the questions that follow. The graph above is represented in the table below. Please complete the table below identifying the shortage or surplus. Demand Supply (SS) Surplus (+) Price (10kg bag) (10 kg bags) (10 kg bags) Shortage (2) 10 89 29 20 70 40 30 55 55 40 39 67 50 25 80 60 11 95 1. Based on your findings in the table above, what is the market equilibrium price and quantity for rice

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