Penelope's Pumpkin Patch produces and sells an average of 500 pumpkins per Halloween. This year, Penelope's fairy godmother visited her and turned all the worms in Penelope's garden into pumpkins, so now she has more pumpkins to sell than usual. This same year, a restaurant in Penelope's town began baking and shipping, "The Greatest Pumpkin Pie Ever Made" all over the country. This restaurant buys all its pumpkins from Penelope.

a. If the demand for Penelope's Pumpkins increased by more than the supply, what would we expect to happen to the price of Penelope's Pumpkins?

b. If supply and demand shifted by the same amount, what would we expect to happen to price?

c. Now assume that the "Greatest Pumpkin Pie Ever Made" recipe was never discovered, and the restaurant had never caused an increase in demand for Penelope's Pumpkins. What would we have expected to happen to the price of pumpkins? Why? What do we expect will happen to the price of pumpkins next year, assuming that Penelope's fairy godmother does not return?