Given the price and quantity information below, plot supply and demand curves for the bread market. They do not need to be perfect, but do your best to make them spaced appropriately. Make sure to label both your vertical and horizontal axis as well as your curves. Price Quantity Demanded Quantity Supplied $0 150 0 $0.50 100 100 $1.00 350 200 $1.50 300 300 $2.00 250 100 $2.50 200 500 $3.00 150 600 $3.50 50 700 $4.00 0 800When looking at the bread market, give an example of a situation in which we would: See an increase in quantity demanded See an increase in Demand See a decrease in demand See an increase in supply See a decrease in supply Looking at the graph you drew in question 1, what is the equilibrium price and quantity? Again, looking at the graph for question 1, assume that a price of $3.50 was charged. Would there be a surplus or shortage? Calculate the surplus/shortage. Again, looking at the graph for question 1, assume that a price of $0.50 was charged. Would there be a surplus or shortage? Calculate the surplus/shortage.Given the following situations, draw a graph showing the shifts in either supply or demand and then state what would happen to the new equilibrium price and quantity, Due to CDVIDi? and hair salons being closed, people decide to dye their hair at home. What happen in the home dye kit market? Due to CDVIDi'? hair salons decide to close or reduce their hours. What happens in the hair salon market? Given the following situation draw and show the shifts in both supply and demand on the same graph{we are looking at the same product}. Given your graph, what has happened to the equilibrium price and quantity? Due to safety concerns in the working environment, workers in milk processing plants receive a raise At the same time, students who are major consumers of milk are staying at home. What will happen in the milk market