1.) Price C11 (12 $1.00 0 75 $2.00 10 60 $3.00 20 45 $4.00 30 30 $5.00 40 15 $6.00 50 0 $7.00 50 N/A 10 CN'HJCDkO (a) Use the table to make two curves on the graph. Label the curve that is most likely to be a demand curve \"D1\" and the one most likely to be a supply curve \"51\"_ wwwmmwmww\" [ombu- (b) How do you know that the line labeled 01 is the demand curve? (c) How do you know that the line labeled $1 is the supply curve? (d) Find the following: Equilibrium quantity (CE) = Equilibrium price (Pa) = (e) Assume that the price is no longer at Pa, but is instead at $5.00. Now find the following: Q: 0d = Is there a surplus or shortage? (circle one) By how many units is the market in surplus or shortage? (f) At the price of $5.00, is the market at an equilibrium? Why or why not