8) Below is a table containing total market information for Al chefs in Restaurant Land. 1000 Market for Al chefs/day 800 Price | QD1 QD2 D QS1 Qs2 S 1100 800 300 400 600 $200 $300 1000 700 400 500 400 $400 900 600 500 600 $500 800 500 600 | 700 200 $700 700 400 700 800 $900 600 300 800 900 400 800 1200 1600 2000 i) a) Calculate MARKET demand and supply for Al chefs. b) Draw properly labeled curves on the graph provided (no labels = no marks). (2+2 marks) ii) Market equilibrium occurs when Qo is and Qs is and price is $ . (3 marks) iii) Suppose market Qo was at 1700 and Qs was at 900 (use data calculated in the first part of this question). a) Show this-labeling all curves-on the graph below; b) explain what is happening; and c) what will happen next in a competitive market. Bullet point explanations are acceptable. (2+2 marks) 1000 800 600 400 200 400 800 1200 1600 2060