Question: Using the following data, plot the two demand curves and the supply curve on graph paper. Label the x-axis and y-axis and give the

Using the following data, plot the two demand curves and the supply curve on graph paper. Label the x-axis and y-axis and give the graph an appropriate title. (4 marks) Price Quantity Demanded (D) $6 $5 $4 $3 $2 10 20 30 40 50 New Quantity Demanded Quantity (D) Supplied 30 40 50 60 70 1. What is the equilibrium price for D? (1 mark) 2. What is the equilibrium price for D? (1 mark) 50 40 30 20 10

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