Question 8 12 pts Using the Supply and Demand data below, graph the equilibrium price and quantity for the market for oats. Identify the equilibrium price and quantity. (DO NOTlist every price and quantity in your graph.) Quantity demanded (bushels of oats) Quantity supplied (bushels of oats) Equilibrium Price $ Equilibrium Quantity Describe the market at a price of $4.20. At $4.20, there is a (select wither Shortage or Surplus) of (state a numerical value) units. Describe the market at a price of $3.60 At $3.60, there is a (select wither Shortage or Surplus) of (state a numerical value) units