Using the demand and supply figures in Table 1 below, construct a suitably labelled demand and supply diagram, and clearly identify the equilibrium price and quantity.

Market Price for a Packet of Oatcakes	Quantity Supplied	Quantity Demanded
90p	1,500	10,000
1.00	3000	8,500
1.50	4,500	7,000
2.00	7,000	4,500
2.50	8,500	3,000
3.00	10,000	1,500

(7 Marks Available)