) Market demand and market supply illustrate the different amounts of a product that all buyers in a market would demand and all sellers in a market would supply at various prices. Price per Bagel (RM) 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 Qd 30,000 24,000 20,000 16,000 12,000 8,000 4,000 2,000 a) Draw the demand and supply curve. (6 marks) b) What is the equilibrium price and quantity? (2 marks) Qs 2,000 8,000 12,000 16,000 20,000 24,000 28,000 30,000