1. US. agricultural farmers are excited since the government announced an increase in subsidies even though the substitutes for agricultural goods that are imported have increased in demand; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium. price and quantity: for example, state whether price and: quantity increased, decreased, or are indeterminate. Please explain your rationale based on the determinants of demand and supply