QI. Illustrates the market for chocolate bars has the following demand and supply schedules: Price Quantity Quantity Demanded Supplied 26 53 80 $3 $4 $5 $6 $7 $8 111 100 80 92 111 64 51 37 120 a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market? b. If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium? c. If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium?

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