Economics - Microeconomics - Market equilibrium - Market Equilibrium Explained

A worked example finding equilibrium. Given: Demand schedule (Price $2→Qty 100, $4→80, $6→60, $8→40, $10→20) and Supply schedule (Price $2→20, $4→40, $6→60, $8→80, $10→100). Step 1: 'Plot both on one graph' - show crossing curves. Step 2: 'Find where they intersect' - at $6, both demand and supply =