a. Draw a graph showing the demand and supply curves Do. D1, So, and S1. Plot only the endpoints of each curve using the given tools. Plot a total of 8 points below. Demand and Supply Curves for Eggs 7 Tools 6 D1 Do 5 4 So S1 Price ($ per carton) 2 0 10 20 30 40 50 60 70 80 90b. Suppose demand in this market shifts from Do to D1 so that quantity demanded is 20,000 canons fewer at every price than before. What are the new equilibrium price and quantity? The new equilibrium price and quantityr are S and thousand cartons. Egg farmers are now making an economic (Click to select) v . c. As a result of change in demand outlined in part b, the supply of eggs will shift to supply curve 81, associated with a new long-run equilibrium. What are the new equilibrium price and quantity? The new equilibrium price and quantity are S and thousand cartons. Egg farmers are making an economic profit of $ The table below shows demand and supply schedules in the market for eggs, which is presumed to be a constant-cost industry. (2) (3) (1) Quantity Demanded Quantity Supplied Price (thousands of car-tons per (thousands of cartons per J$ per carton) month) month) 3.88 48 | | 88 | | 2.75 58 | | 78 | | 2.50 58 | | 68 | | 2.25 78 | | 58 | | 2.88 88 | | 48 | |