The table below shows the supply and demand schedules for sales of chocolate sundaes at the newest ice cream dessert fast food franchise in Prince George. PRICE QUANTITY DEMANDED QUANTITY SUPPLIED (dollars/sundae) (sundaes/week) $2.00 3,000 1,000 $3.00 2,500 1,500 $4.00 2,000 2,000 $5.00 1,500 2,500 $6.00 1,000 3,000 Question 1 (2 marks): What is the market equilibrium? (show how you determined this answer) Question 2 (2 marks): If the price of sundaes is $3/sundae, describe what forces are at play in the sundae market. Explain how market equilibrium is restored. Question 3 (3 marks): A rise in population increases the quantity demanded of sundaes by 1,000 sundaes per week at EACH price. Explain how the sundae market adjusts to its new equilibrium. Question 4 (3 marks): a new ice cream machine technology increases the quantity supplied of sundaes by 750 sundaes/week at each price. At the same time, a health podcast convinces people sundaes are dangerous, and the quantity demanded of sundaes decreases by 250 sundaes/week at each price. Explain how the sundae market adjusts to its new equilibrium.