Use the following demand and supply schedules for a market for oranges to answer the following questions. Price {Mb} Quantity Demanded {10W} IbsilQuantit};r Supplied [l lbs} SID 1 4i} ll} 2 3t] 2t} 3 2G 3G 4 El} 4i} 5 It} t} 1. Plot both the demand and supply curves on a chart. Be sure to properly label your axes. 2. Identify the equilibrium point (price and quantity). 3. Suppose average incomes in this market increase. Illustrate how this will impact the oranges market. Label the \"new\" curve. a. What is the impact on the market price? 4. New scenario. Suppose genetics are developed to resist HLB. In a new chart, illustrate how this will impact the oranges market. a. What is the impact on the market price