1)Below is the demand and supply schedule for the market for personal chefs. These are chefs that are hired to come into the client’s home to prepare meals for them. Show all your calculations used to answer the following questions.
d)calculate the excess demand or supply at the price of $35,$70,$25 and $65
e) If tax of 5$ imposed compute the consumer and producer tax burden
Price per hour
Qty supplied
Qty demanded
20
0
29
25
1
26
30
3
23
35
5
40
7
17
45
9
14
50
11
55
13
60
15
65
70
19
75
21
80
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