Please refer to the 2 images attached and provide 3 pages minimum with deep explanation on this 2 questions:

1- Identify the supply factors and demand factors that that are most important in determining the specific supply and demand curves for the cardboard box and provide a scenario that illustrates how market equilibrium is established.

2-Identify the supply factors and demand factors that that are most important in determining the specific supply and demand curves for the metal box and provide a scenario that illustrates how market equilibrium is established.

Table 1 Future Supply and Demand for cardboard boxes Daily US demand of Daily US supply of Price per box cardboard boxes (in cardboard boxes (in billions of boxes per billions of boxes per day) day) $0.60 1 0.7 $0.65 0.9 0.8 $0.70 0.8 0.9 $0.75 0.7 $0.80 0.6 1.1 $0.85 0.5 1.2 $0.90 0.4 1.3 Question 1: Create a Supply and Demand Chart for the Cardboard Box Below Future Supply and Demand for Cardboard Boxes 1.5 1.3 1.2 Carboard Boxes 0.5 0.6 0.5 0.4 0 $0.60 $0.65 $0.70 $0.75 $0.80 $0.85 $0.90 Price per box Daily US demand of cardboard boxes (in billions of boxes per day) -Daily US supply of cardboard boxes (in billions of boxes per day) Equilibrium: 85 million boxes/ $0.675 per boxTable 2 Daily US demand of Daily US supply of metal boxes (in metal boxes (in thousands of boxes per thousands of boxes per day) davi Price per box $30.00 $35.00 $40.00 H 0 $50.00 $55.00 $50.00 H U1 H 0 Question 2: Create a Supply and Demand Chart for the Metal Box Belowr Future Supply and Demand for Metal Boxes 50 40 30 20 10 Metal Boxes $30.00 535.00 540.00 $45.00 $50.00 $55.00 $60.00 Price per box Daily US demand of metal boxes {in thousands of boxes per day} _Daily US supply of metal boxes (in thousands of boxes per day] Equilibrium: l25,000 metal boxes] $40 per box