Please solve

Price per Quantity Demanded Quantity Supplied ounce (millions oz.) (millions oz.) $2 65 35 4 60 40 6 55 45 8 50 50 10 45 55 12 40 60 14 35 65 Table 1 1. Refer to Table 1. The table contains information about the laundry detergent market. Use the table to answer the following questions. a. Draw the demand and supply curves, be sure to label each axis and curve on the graph. b. What are the equilibrium price and quantity of laundry detergent? c. Suppose the prevailing price is $4 per ounce. Is there a shortage or a surplus in the market? d. What is the quantity of the shortage or surplus? e. How many ounces will be sold if the market price is $4 per ounce? f. If the market price is $4 per ounce, what must happen to restore equilibrium in the market? 2. In each of the following situations, list what will happen to the equilibrium price and the