Question # 4: (5 marks) 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 Marks) 2 What is the maximum price that consumer is willing to pay for 1500 bottles? (1 Mark)
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50 rs pay pe all creams rates the maximum price
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