The graphs illustrate the world wheat market in long-run equilibrium. The first graph shows the world wheat market, and thesecond graph shows one wheat farmer's cost and marginal revenue curves.Now the world population increases.On the market graph, draw the new market demand curve. Label it.Draw the market supply curve that returns the world wheat market to its long-run equilibrium. Label it.Draw a point to show the new long-run equilibrium price and quantity.On the farmer's graph, draw a point to show the farmer's price and quantity produced in the long run.>>> Draw only the objects specified in the question.

Price (dollars per basket) 20 So 16- 12- 10 Do 5 10 15 20 25 30 35 40 Quantity (billions of baskets per year)