1. Assume you are a senior researcher with the United MNations Framework Convention on Climate Change (UNFCCC). The Head of the research branch has requested a briefing note on the three issues below. a. Consider the following chart from settings, showing the carbon price in NZ in mid-2023. The article links the increase in price to the NZ government's changes in rules and auction supply. New Zealand Unit price (NZE/mtCO2e) 70 60 a0 40 30 Mar Apr May Jun Jul Source: 5&P Global Commaodity Insights Draw a simple supply/demand diagram in which you show why the price in the above chart increased in July and August (the same applies generally for an increase in price in any market). Describe your reasoning in words