#1. Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season in the United States. Assuming no change in demand, explain the effect on the equilibrium price and quantity of apples. Explain why quantity demanded increases even though demand does not change. Illustrate on a graph. Don't forget your labels. A graph without labels is like a map without a key. Why is this basic economic information relevant to a Produce Manager at a local grocery store? Be specific! Name at least one impact for that Manager and that grocery store.