Price per Ice-cream (Rs.) Demand for Ice cream ( Qd ) Supply for Ice cream (Qs) 140 500 1500 120 750 1200 100 1000 1000 80 1250 750 60 1500 600 40 1750 300 1 Draw the market equilibrium for Ice cream....

Price per Ice-cream (Rs.)
Demand for Ice cream (
Qd
)
Supply for Ice cream (Qs)

140
                                                         500
                                      1500

120
                                                         750
                                      1200

100
                                                      1000
                                      1000

80
                                                        1250
                                      750

60
                                                        1500
                                      600

40
                                                        1750
                                      300

1
Draw the market equilibrium for Ice cream.

2 What is the maximum price that consumer is willing to pay for 1500 bottles?