2. when quantity demanded = quantity supplied. Market equilibrium: when quantity demanded = quantity supplied.

4. Quantity demanded > quantity supplied at all prices lower than R5 per kg (excess demand) Quantity supplied > quantity demanded at all prices higher than R5 per kg (excess supply)

6. With the equilibrium price it can be seen that… consumerslessmaximum pay  some consumers are paying less than the maximum they are willing to pay suppliersmore minimum accept  some suppliers are receiving more than the minimum they were willing to accept