Answer Questions 4a, b, c and d using the information provided in Table: Boost Juice Table: Boost Juice Price ($) Quantity demanded Quantity supplied 4 2,000 1,500 6 1,600 1,600 8 1,200 1,700 10 800 1,800 12 400 1,900 14 0 2,000 Question 43. Draw the demand and supply curves for 'Boost Juice' based on the table data. Make sure to label all axes and curves. (0.5 marks). Question 4b. What are the equilibrium price and quantity of drinks? In your own words, explain clearly why this is the equilibrium point. (0.5 marks) Question 4c. What would happen if the price was initially $12? Based on the graph in (a), identify any surplus or shortage. (0.5 marks) Question 4d. What would happen if the price was initially $4? Based on the graph in (a), identify any surplus or shortage. (0.5 marks)