Table 3.9 illustrates the market's demand and supply for cheddar cheese. Graph the data and nd the equilibrium. Next, create a table showing the change in quantity demanded or quantity supplied, and a graph of the new equilibrium, in each of the following situations: 1. The price of milk, a key input for cheese production, rises, so the supply decreases by 80 pounds at every price. 2. A new study says that eating cheese is good for your health, so that demand increases by 20% at every price. Price per Pound $3.00 750 540 $3.40 650 650 $3.60 620 700 $4.00 590 730 Table 3.9