Page 1 of 3 O Please respond to the questions in this Word Document and then save it with your own name included in the file name (e.g. econ2000hwlelonmusk). Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to your writing. You have until midnight CST Sunday to submit this assignment. Question 1 - Using the diagram below, indicate the effect of an increase in income on the market for smart watches. Draw in the new Demand or Supply line (using whatever method you developed week one), clearly indicate the original market price and quantity on the vertical and horizontal axes respectively, and then clearly indicate the new market price and quantity on the same axes. S X D Qty Ox PrtScn Home End F4 F6 F7 F8 F9