Directions: Plot the following hypothefical market demand and supply schedules for commodity X in a graphing paper Quantity Demanded Price (Peso) Quantity Supplied (Units) (Units) 900 150 P 30.00 25.00 800 300 700 350 20.00 600 15.00 600 400 800 10.00 1000 5.00 200 1. What is the equilibrium price? Equilibrium quantity?

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