The weekly quantity demanded of iced coffee drinks, Q, is given by the following demand function: Q=30-(30xP)+(0.1xM), where P is the per-unit price of an iced coffee drink, and M is the average weekly income of consumers. Part 1: Suppose that consumers' average weekly income is $600. Use the demand function above to complete the demand schedule below. . Quantity of Iced Price Coffees Demanded $0 $1 $2 $3 Part2: Suppose that consumers' average weekly income is $600. In the space below, construct the demand curve for iced coffee drinks in black ink. Part3: Suppose that consumers' average weekly income is $1,500. Use the demand function above to complete the demand schedule below. Quantity of Iced Coffees Demanded Part 4: Suppose that consumers' average weekly income is $1,500. In the space below, construct the demand curve for iced coffee drinks in blue ink. $7 Price Supply $6 $5 $4 $3 $2 $1 30 60 90 120 150 180 210 Quantity of Iced Coffees Part 5: When consumers' average weekly income is $600, what is the equilibrium price of an iced coffee drink? The equilibrium quantity of iced coffee drinks?Part 5: When consumers' average weekly income is $600, what is the equilibrium price of an iced coffee drink? The equilibrium quantity of iced coffee drinks? Part 6: When consumers' average weekly income is $1,500, what is the equilibrium price of an iced coffee drink? The equilibrium quantity of iced coffee drinks? Part 7: Based on your graph, are iced coffee drinks a normal or an inferior good