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The following supply and demand schedules describe a hypothetical Canadian market for potash.Price ($Quantity SuppliedQuantity Demanded(million tonnes)per tonne)(million tonnes)12.52808.511.03009.03209.534010.036010.538011.0a. What is the equilibrium price of potash?b. How much potash would actually be purchased if the price were $280 per tonne?c. How much potash would actually be sold if the price were $360 per tonne?d. At a price of $280 per tonne, is there excess supply or demand? If so, how much?e. At a price of $360 per tonne, is there excess supply or demand? If so, how much?f. If the price is $280 per tonne, describe the forces that will cause the price to change.g. If the price is $360 per tonne, describe the forces that will cause the price to change.