1. The market for almond cookies is at equilibrium. Due to some bad weather, the supply of almonds (a major ingredient for almond cookies) drastically declines. A. Analyze step by step what happens to the almond cookie market. In your analysis, be sure to include which curve shifts and in which direction the curve shifts. B. Explain what happens to the equilibrium price of almond cookies. C. Explain what happens to the equilibrium quantity of almond cookies. 2. "The price of almond cookies falls and this causes the demand for almond cookies to increase." Is this statement correct or incorrect? Why or why not