Suppose the following table shows the supply schedule and demand schedule for laundry detergent in Country 1. Fill in the blank at the top of each column, indicating whether it represents the supply or demand for laundry detergent. E E Price (S) (million oz.) (million oz.) 2 75 35 4 70 40 6 65 45 8 60 50 1 0 55 55 '1 2 50 60 14 45 65 1.) Using the muitipoint curve drawing toot, plot each point in the table above that represents the market demand curve. Label this curve 'D'. 2.) Using the muttipoint curve drawing toot, plot each point in the table above that represents the market supply curve. Label this curve '8'. 3.) Using the point drawing toot, plot the equilibrium point. Carefuiiy foiiow the instructions above and oniy draw the required objects. Domestic Market + 16 14- 12- 10- Price 8- 6- 4- 2- 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 Quantity (million oz.) After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line.The following table gives the demand and supply schedules for Countries 1, 2, and 3. Suppose these three countries decide to form an economic union and integrate their markets. Use the data in the table below to ll in the last two columns that represent the total market demand and supply for the newly formed economic union. (0E) represents the quantity demanded for Country 1, while 0% represents the quantity supplied for Country 3.) P($) 2 4 6 B 10 12 14 GE: 0% OE 0% 03 0% 0:\"? 03" 75 35 45 15 50 2o 70 40 4o 20 45 25 65 45 35 25 4o 30 so 50 30 30 35 35 55 55 25 35 30 4o 50 so 20 4c 25 45 45 65 15 45 20 5o |:||:||:||:||:||:||:| |:||:||:||:||:||:||:| When graphing the new total market supply and demand curves, these curves will be the individual countries' demand cunres, since these curves are derived by OA. 03. 0c. above and to the right of; summing both prices and quantities simultaneously. directly above; summing prices for a given quantity. to the right of; summing quantities at a given price