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Supply and Demand in Equilibrium: For each of the following scenarios about the tofu market: i) describe what happens to the demand and/or supply curve ii) sketch the graph and any movement iii) indicate what happens to the equilibrium price and quantity 1) Tik Tok drives a massive tofu craze. 2) A drought causes a shortage of soybeans. 3) Most people like to use teriyaki sauce on their tofu, and the price of teriyaki sauce decreases substantially.sed on the graph below, fill out the table on the right. Domestic Tofu Market $60 $50 Supply Price Quantity Quantity Demanded Supplied $40 90 $5 80 O $30 $10 70 10 $15 $20 20 $20 30 $25 $10 HO 40 Demand $30 30 50 $0 $35 20 60 O 20 40 60 80 100 $40 10 70 Quantity $45 0 80 $50 - 90 hat is the equilibrium price and quantity in the domestic tofu et? PRice =$25 Quantity = 40 sume that all consumers were willing to pay $10 more for every tity of tofu (compared to the graph above). a. Sketch the new demand curve directly on the graph. b. What would be the new equilibrium price and quantity? Price = $ 30 Quantity = 50