1.If individuals were spending more time at home and expected the price of Charmin toilet paper to increase in the future, would this, ceteris paribus, be reflected as a change in demand or a change in supply in the market for Charmin toilet paper - a normal good?Explain.Be sure to clearly identify a textbook variable or determinant that is causing this change.Would this change be an increase or decrease?Explain.Would this change result in a surplus or in a shortage in the market for Charmin toilet paper?Explain.Given this surplus or shortage, how will a new equilibrium be established?What do you predict will happen to the equilibrium price and the equilibrium quantity exchanged in the market for Charmin toilet paper?Explain.