Could you answer questions 4a, 4b, 4c and 4d.

Price ($)	Quantity demanded	Quantity supplied
4	2,000	1,500
6	1,600	1,600
8	1,200	1,700
10	800	1,800
12	400	1,900
14	0	2,000

Question 4a. Draw the demand and supply curves for 'Boost Juice' based on the table data. Make sure to label all axes and curves.

Question 4b. What are the equilibrium price and quantity of drinks? In your own words, explain clearly why this is the equilibrium point.

Question 4c. What would happen if the price was initially $12? Based on the graph in (a), identify any surplus or shortage.

Question 4d. What would happen if the price was initially $4? Based on the graph in (a), identify any surplus or shortage.