Answer the following questions: 1. Graphically illustrate and explain the impacts of simultaneous increase in market size {number of buyers} and technological advancement on the equilibrium market price and quantity of a commodity, such as automobiles in the USA. Note:_Uploaded hand+drawn diagrams should be jpeg formatted camera pictures or pdf; uploaded les that cannot be opened in Gaiiiew will be assigned zero. 2. Assume that the market demand for a product is represented by the equation F = so sod and its market supply by the equation F = ID + Ztls, where {Id and {is are quantity demanded and quantity supplied, respectiyeiy, and P is the market price. Determine the equilibrium market price and quantity of the product. Clearly show your steps and calculations