Question 2 [4 pts) Let's spice things up a little bit! What if your demand and supply function had more information incorporated in them to describe our demand and supply for Charleston Chew. Demand for Charleston Chew: QCC(Demand) = 30 12P00 + U. 02Incorne, where P00 is the price of the Charleston Chew bar, and I is income. Supply: QCC'( supply) 2 10 + IPCC , where PCC' is the price of the Charleston Chew bar. 1. If your income is $10,000, how much Charleston Chew bars will you demand if the bars are priced at the very fair price of $2 a piece? 2. If your income increases to $12,000, will you want to purchase more or less Charleston Chew bars? Find the new equilibrium price and quantity. 3. Are we observing a shift in the supply or a movement in Charleston Chew? Why