Using the following demand and supply schedule for cups of coffee do the following: Price Quantity Demanded per day Quantity Supplied per day $0 24 0 1 21 5 2 18 10 3 15 15 4 12 20 5 9 25 6 6 30 Graph the demand and supply curves for this schedule. Make sure to label both curves and the axis titles. What is the equilibrium price and quantity in this market? Briefly explain how would consumers and producers react if the price of a cup of coffee is $4. There has been a severe drought for the past couple of months. As a result, the price of water that coffee shops have to pay has increased substantially. Explain how this drought would affect the coffee shop market. What would happen to the market's demand curve? What would happen to the market's supply curve