Microeconomics

Here are the monthly demand and supply schedules for Apple: Price of Apple (Per KG) Quantity Demanded Quantity Supplied $ 0.00 1000 KG 0 KG 0.25 900 100 0.50 800 200 0.75 700 300 1.00 600 400 1.25 500 500 1.50 400 600 1.75 300 700 2.00 200 800 2.25 100 900 2.50 0 1000 1- Draw the demand and supply curves and what are the equilibrium price and quantity of the Apple? (1 Mark) 2- Find the slope of the slope of demand curve and the slope of the supply curve. (1 Mark) 3- If the actual price in this market is at $2.00, what would happen in the market to Qd and Qs? What would drive the market toward the equilibrium? (1 Mark) 4- Explain what will happen to the demand for Apple when the price Oranges increases. What will happen to the price of Apple and quantity? (1 Mark) 5- Explain what will happen to the supply of Apple when a freezing season destroys Apple crops. What will happen to the price of Apple and quantity? (1 Mark)