2. The following is the hypothetical supply and demand schedule for sugar: b) c) Price (Tk.) 4 8 Quantity demanded (Kg) 1000 800 600 400 200 Quantity Supplied (Kg) 400 400 400 400 400 12 16 20 Plot the demand and supply curve for sugar Find the equilibrium price and quantity of sugar What will happen to equilibrium price and quantity if incomes of the consumers of sugar are increased? Discuss with a relevant diagram. (Note: Sugar is considered to be a normal good.)