The table below set out the demand and supply schedule for grouper fingers in Nassau, Bahamas
a. Draw a graph of this market and specify the equilibrium price and quantity
b. Explain the situation in the market if the price of grouper fingers is $9 per plate
c. If the Bahamian government bans the fishing of grouper, how is this action going to affect the market. Explain (10 points)
| Price ($ per plate) | Qd (per week) | Qs (per week) |
| 5 | 1600 | 1200 |
| 6 | 1500 | 1500 |
| 7 | 1400 | 1700 |
| 8 | 1300 | 1800 |
| 9 | 1200 | 1900 |
| 10 | 1000 | 2000 |
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