Question 1: Suppose the Australian market for uranium ore concentrate is characterized as follows: Market Supply: Q = 0.5P 40 and Market Demand: Q = 50 0.1P, where P is measured in Australian dollars per kiloton of uranium ore concentrate and Q is measured in kilotons of uranium ore concentrate per day. Using this information, answer the following questions. (10 marks) Part (a) What is the market equilibrium price and quantity of uranium ore concentrate? Show this graphically, making sure to label equilibrium price and quantity and important intercepts. (2)