Market research has revealed the following information about the market for chocolate bars: The demand and supply curves can be represented by equations: Q0: soo sop Q5 = 4oz: + rap a. Find the horizontal and vertical intercept for both the crimes. Graph the supply and the demand curves, clearly showing the intercepts. Also nd the slope of demand and supply curves. lShow and explain all your work. b. Determine the equilibrium price and quantity of chocolate bars using the equations and show the equilibrium on your graph that you drew in part a__. Do not draw a new graph]. c. Due to a major industry ad campaign, the demand schedule for chocolate bars shied to the right and represented by the equation: QD = Ell!) 3:311 What happens to the equilibrium price and quantity of chocolate bars in this case? Show all your work to solve for new P and Q. Repeat drawing the initial equilibrium graph and show on it the new equilibrium with the new demand curve to show how the equilibrium changes with changes in demand. d. Returning to original demand schedule, suppose that the price of cocoa beans (a major ingredient in the production of chocolate bars] increased because of a drought in subSaharan Aica (a major producer of cocoa), changing the supply schedule to Q3 = 300 +i'UP \"'hat happens to the equilibrium price and quantity? Again, draw the original equilibrium and show on that the new equilibrium with the new supply curve and original demand curve. [In each case= clearly show the intercepts of all the curves]