The table below shows the market demand and supply schedules for baseball caps. (1) (2) (3) (4) (5) Price Quantity Demanded Quantity Supplied Surplus (1-) or Effect on ($ per cap) (caps per week) (caps per week) Shortage (-) Price $59.99 6, 999 9, 999 (Click to select) v 49.99 6, 599 8, 999 (Click to select) v 39.99 7, 999 7, 999 (Click to select) v 29.99 7, 599 6, 999 (Click to select) v 19.99 8, 999 5, 999 (Click to select) v (6) New Quantity Demanded (caps per week) 7, 599 8,999 8, 599 9,999 9, 599 (7) New Surplus (+) or Shortage (-) (8) New Effect on Price (Click to select) v (Click to select) v (Click to select) v (Click to select) v (Click to select) v a. Complete columns [4) and (5) in the accompanying table. To show a shortage enter a minus sign before your numerical response, b. Draw a graph showing the demand and supply curves DO and 5. Plot only the 2 endpoints ofthe demand curve D0, supply curve 3, and demand :urve D1 for part (e). Plot 6 points in total in the graph. Market Demand and Supply for Baseball Caps 60 Tools 50 Do D1 40 S Price ($ per cap) 30 20 10 0 O 100(200800040050060070080090000000 Quantity (caps per week)c. The equilibrium price in this market is $ . Only this price meets the conditions of equilibrium, because it is the only price at which there is (Cllck to select) v . d. Suppose demand in this market changes so that 7,500 caps are demanded at a price of $50.00, 8,000 are demanded at $40.00, 8,500 at $30.00, 9,000 at $20.00. and 9,500 at $10.00 as shown in column [6). This represents a(n) (Click to select) v in demand, and on a graph would be shown by a (Cllcklu select) v shift in the demand curve. e. Based on the new values in column (6) of the table, fill out columns (7) and [8). showing the effects of the change in demand shown in part (d) and draw the new demand curve D1 in your graph. The new equilibrium price is $ l n__.. a: _;n 5!! m-..; s