(a) State four characteristics of igneous rocks. . (b) The table below illustrates the combined demand and supply schedule for maize. Use it to answer the q...

Question 1 Report

(a)  State four characteristics of igneous rocks.                                             .                       

(b)  The table below illustrates the combined demand and supply schedule for maize. 
       

Use it to answer the questions that follow.

Price
(₦)

Quantity of maize demanded
(kg)

Quantity of maize supplied (kg)

20

50

340

16

70

300

12

125

250

8

200

200

4

350

130

(i)  Draw the demand and supply curves to show the equilibrium price of maize.              
 

(ii)  Determine the excess demand for maize at a unit price of ₦4.                                            

 

(iii)  Determine the excess supply for maize at a unit price of ₦12.                                              

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