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Principles of Microeconomics (Econ 2600)Lakeland Community CollegeDr. Hyojin JeongHomework Assignment 6 Don’t forget that picture tells thousand words. Explain graphically whenever it is possible.You must type your answersalthough you may draw graphs by hand.Don’t forget to put your NAME and Class period on your answer sheet.I. Chapter 13 Questions & Problems: 1, 7, 14 (p372) Working with Numbers and Graphs: 1, 2 (p372-373)II. Chapter 17 Questions & Problems: 1, 5, 7, 13 (p457) Working with Numbers and Graphs: 1, 2 (p458)III. Chapter 20 Questions & Problems: 2, 7 (p523) Working with Numbers and Graphs: 1, 2 (p523-524) (Assume Canada is at B and Italy is at C before trade and 1X=1Y as terms of trade for part (d) of Working with Numbers and Graphs 1.)