The market for oats is a perfectly competitive market in the region of Oatvillia. Oats are sold by the kilogram and the current price of oats is $1.25 per kilogram. a. Assuming the current market for oats is characterized by a surplus, draw a graph illustrating the current market situation. You must use graph paper for this question (if we do not have graph paper, we can create a thing with a ruler or download some from online). Make sure you label your graph fully with all relevant information. b. Given the graph you are submitting for part a, provide detailed reasoning about your expectations concerning the price of oats.