Answe all questions, for the grapgh please DRAW AND SEND photo of graph

The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 g 38 23 10 40 20 What is the equilibrium price of electricity? Enter your answer in cents per kWh (as an integer). (Tip: using the table to draw the supply and demand curves may help you accurately identify the equilibrium price and quantity.) Question 2 1 pts The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 g 38 23 10 40 20 What is the equilibrium quantity of electricity exchanged? Enter your answer in millions of kilowatt hours (as an integer). Question 4 1 pts The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 a5 & 32 3z 7 34 29 8 36 26 g 38 23 10 40 20 At a price of 5 cents per kWh, is there a shortage, a surplus, or equilibrium in the market? (O Shortage (O Equilibrium (O There is not enough information given to answer the question. (O Surplus Question 5 2 pts The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 9 38 23 10 40 20 Draw and upload a graph of the electricity market described in the table. Be sure to label your axes and ensure that the supply and demand curves express the price/quantity relationships described in the table. Identify the equilibrium in this market. You must add numeric labels to the axis in order to show the curves and equilibrium accurately. Upload | choose a File The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 3 38 23 10 40 20 Suppose new technology makes local electric utility production more efficient. Will this change affect the supply curve, the demand curve, both curves, or no curves in the electricity market? () demand curve () supply curve () both the supply curve and the demand curve (O neither the supply curve or the demand curve Question 7 1 pts The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied|Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 g 38 23 10 40 20 Suppose new technology makes local electric utility production more efficient. How will the supply and/or demand curve be affected by this change? (O) The supply curve shifts leftward (decreases). (O The supply curve shifts rightward (increases). () The demand curve shifts rightward (increases). () Both the supply and demand curves shift rightward (increase). (O The demand curve shifts leftward (decreases). () Both the supply and demand curves shift leftward (decrease). (O Meither the supply curve nor the dermand curve will shift. The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 g 38 23 10 40 20 Suppose new technology makes production of the local electric utility more efficient. How does this change affect the equilibrium price in the local electricity market? (O The equilibrium price decreases. () There is no change in the equilibrium price in the local utility market. () The effect of the change is ambiguous - the equilibrium price may increase or decrease. () The equilibrium price increases. Question 1 pts The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh)|Quantity Supplied Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 g 38 23 10 40 20 Suppose new technology makes production of the local electric utility more efficient. How does this change affect the equilibrium quantity in the local electricity market? () The equilibrium quantity decreases. (O There is no change in the equilibrium quantity in the local utility market. () The equilibrium quantity increases. (O) The effect of the change is ambiguous - the equilibrium quantity may increase or decrease. The supply and demand schedules for a local electric utility are as follows in the table below. The price is in cents per kilowatt hour (kWh), and the quantities are in millions of kilowatt hours. Price (cents/kWh) Quantity Supplied Quantity Demanded 1 22 47 2 24 44 3 26 41 4 28 38 5 30 35 6 32 32 7 34 29 8 36 26 9 38 23 10 40 20 At a price of 8 cents per kWh, is there a shortage, a surplus, or equilibrium in the market? O equilibrium O surplus (O shortage (O There is not enough information given to answer the