This question deals with demand and supply and refers you to the table below:a.G

This question deals with demand and supply and refers you to the table below:a.Given the table respond to the questions below.It may be helpful to graph the data as you respond to the questions. PriceQuantity Demanded/MonthQuantity Supplied/Month$5600010000$480008000$3100006000$2120004000$1140002000 b.What is the equilibrium price and equilibrium quantity?c.Suppose the price is currently at $5. What problem would exist in the economy? What would you expect to happen to price? d.Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price?