Answer & Explanation:Given
the following Supply & Demand Schedule, determine the market equilibrium, price, and quantity.
Quantity Demanded
Quantity
Supplied
Price
200 20
5
180 40
10
160 60 15
140 80
20
120 100 25
100 120
30
80 140
35
60 160 40
40 180 45
20 200 50