4. Suppose the supply:r and demand tables below reect the supply and demand for milk per week. Price Quantity demanded Quantity Supplied (per gal.) (gallons per week] {gallons per week} $1 2000 1000 $2 1 500 1500 $3 1000 2000 $4 500 2500 At a price of $4 per gallon, what could be said about quantity demanded and quantity supplied? What would be a natural consequence of this in the market place? Would this cause the supply:r line on a graph to move? Given Table 1 and Table 2 below 1. Which of the below tables is likely:r a Demand Schedule (Table 1 or Table 2 or both Tables]? Why? 2. Can you identify an equilibrium price and quantity:r might be from the Tables above? If so, what is would it be? Table1 Table2 price Quantity 50-00 0 _I_ 51-00 10 5\"\" 2\" $3.00 20 $3.00 30 $4.00 10 $4.00 40 $5.00 0 $5.00 50 3. Given the Supply Curve (Line) below, what can you conclude about the product being supplied to the market place? Explain. Price Quantity5. Extremely hot and dry poor weather conditions negatively impact the wheat crop in Illinois. Which graph below depicts the effect of the poor weather on the wheat supply? Explain. Price $1 Price . SO DO (1) Quantity (11) Quantity Price Price SO SO DO D1 (III) Quantity (IV) Quantity