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Suppose the demand and supply curves for eggs in the United States are given by the following equations: Qd = 100 – 20P Qs = 10 + 40P 14

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Suppose the demand and supply curves for eggs in the United States are given by the following equations: Qd = 100 – 20P Qs = 10 + 40P 14. where Qd millions of dozens of eggs Americans would like to buy each year; Qs = millions of dozens of eggs U.S. farms would like to sell each year; and P = price per dozen of eggs. a. Fill in the following table: PRICE (PER DOZEN) $ .50 QUANTITY DEMANDED ( Qa) QUANTITY SUPPLIED ( Q5 ) $1.00 $1.50 $2.00 $2.50 15. b. Use the information in the table to find the equilibrium price and quantity. c. Graph the demand and supply curves and identify the equi- librium price and quantity. not un to increase the