PART B: Answer the following questions: 1- a) According to the below schedule draw graph of demand and supply in one graph and find equilibrium point. b) Change the equilibrium price and show the surplus and shortage on the graph and explain. 0) Suppose there is a decrease in income of households and demand curve shift to the left. What happens to equilibrium price and quantity? Show it in another graph. d) Suppose there is an increase in technology and supply curve shift to the right. What happens to equilibrium price and quantity? Show it in another graph. m Quantity Demand Quantity Supplied