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1. Shows information below on the demand and supply for bicycles (where the quantities of bicycles are measured in thousands) on a graph (the same

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1. Shows information below on the demand and supply for bicycles (where the quantities of bicycles are measured in thousands) on a graph (the same X.Y coordinate). 2. When the price is $110, do we have a shortage or surplus? Show it on the (same) graph. 3. When the price is $210, do we have a shortage or surplus? Show it on the (same) graph. Price Od Qs $110 50 36 $150 46 46 $180 32 48 $210 28 56 $240 24 70 B It is expected that due to the Russia-Ukraine war, the fuel price is going to increase. What will happen for: 1. demand for flight-based vacation in Summer time, and

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