2. (13 marks) Due to the extremely bad weather, there is a poor harvest for apples which causes 10% change in the price of apple tarts and 12% change in the sale volume of apple tarts. a. Use a well-labeled supply-and-demand diagram to illustrate the effect of the bad weather on the equilibrium price and quantity of apple tart market. (3 marks) b. Given the information in the question, explain whether you can calculate the price elasticity of demand, Ed, or the price elasticity of supply, Es. Calculate the price elasticity. (4 marks) c. Will the total revenue of apple tart sellers rise due to the bad weather? Use your answer in part b. to explain your answer. (3 marks) d. Suppose the cross-price elasticity of demand between apple tarts and apple juice is 0.6. If there is a 10% rise in the price of apple tarts, how much the consumption of apple juice will change? Do consumers in the market consume apple tarts together with apple juice or not? why