Price per Ice-cream (Rs.)         Demand for Ice cream (Qd)   Supply for Ice cream (Qs) 140                                                               500                                               1500 120                                                               750                                               1200 100                                                              1000                                              1000 80                                                                1250                                              750 60                                                                1500                                              600 40                                                                1750                                              300   (1)      What is the maximum price that consumer is willing to pay for 1500 bottles?  (2)       What is the minimum price that producer is willing to accept for 1500 bottles?

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Q: Price per Ice-cream (Rs.)         Demand for Ice cream (Qd)   Supply for Ice cream (Qs) 140…

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