JAMB Economics 1983 Question 12

The table below shows the market schedule for semovita.
Price per 5kg bag | Quantity demanded in bags | Quantity supplied in bags
N3.00 | 15,000 | 1,500
N4.00 | 13,000 | 3,000
N5.00 | 10,000 | 6,000
N6.00 | 7,000 | 7,000
N7.00 | 5,000 | 9,000
N8.00 | 4,000 | 12,000
N9.00 | 2,000 | 14,000
What is the market equilibrium price?

1. A.N5.00
2. B.N8.00
3. C.N9.00
4. D.N7.00
5. E.N6.00