. The supply and demand schedules below are from the market for bread in a small town. Price per Quantity of Loaves Quantity of Loaves loaf Supplied Demanded $2 10 525 $3 120 445 $4 225 375 $5 315 315 $6 390 265 $7 450 225 $8 495 195 $9 525 175 $10 540 165 Using this information, draw the demand curve and the supply curve for bread in this town. What is the equilibrium price and quantity for bread? . Explain how, and why, this market would adjust if the price of bread started at $10. Suppose that a new bakery opens in this town with the following supply schedule. Draw the new supply and demand diagram for this market. Price per Quantity of Loaves Supplied loaf $2 130 $3 140 $4 150 $5 160 $6 170 $7 180 $8 190 $9 200 $10 210 What is the equilibrium price and quantity in this market after the new bakery opens? Answer the following questions based on the market for bread in this town. . In the market for bread in this town, describe three changes that might occur which would cause a change in the demand for bread. For each of these three, describe whether the change would cause an increase or a decrease in the demand for bread. Describe three changes that would cause a change in the supply of bread. For each of the changes, would the supply of bread increase or decrease? Describe, in your own words the difference between a change in the quantity supplied, and a change in supply. Give examples of what may cause each of these