Answer preview
To graph supply and demand and find equilibrium, you'll start by plotting your supply curve (upward sloping) and demand curve (downward sloping) on a price-quantity axis. The intersection point gives you your equilibrium price and quantity, but there are specific techniques for reading the data and scaling your axes properly...
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How to approach this question
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Step 1: Set up your graph with price on the y-axis and quantity on the x-axis, then plot data points for supply and demand curves
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Step 2: Draw the supply curve (upward sloping) and demand curve (downward sloping) through your plotted points
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Step 3: Identify the equilibrium point where curves intersect and read off the equilibrium price and quantity values