1. The demand and supply in the market for cheddar cheese [in pou nds) is shown in the table below, where QdO and 050 are the initial quantity demanded and quantity supplied, respectively, for cheddar cheese: Price per Pound Qd Qd l Q50 Qsl $3.00 750 540 650 650 $3.60 520 700 $3.30 can 720 $4.00 sea 730 In this space, please illustrate the market for cheddar cheese, with bath the supply curve and demand curve graphed on the same graph, making sure you label each component and put the currect variables an the )(