-The Above Table Gives the Demand and Supply Schedules for
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question 445

Essay

$$\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { pound of } \\\text { cat food) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { demanded } \\\text { (tons of cat } \\\text { food per } \\\text { year) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { supplied } \\\text { (tons of cat } \\\text { food per } \\\text { year) }\end{array} \\\hline 1.00 & 52 & 15 \\\hline 1.50 & 46 & 26 \\\hline 2.00 & 43 & 34 \\\hline 2.50 & 40 & 30 \\\hline 3.00 & 35 & 44 \\\hline\end{array}$$
-The above table gives the demand and supply schedules for cat food. If the supply increases by 20 tons at every price, what is the new equilibrium price and quantity?

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