2 25 points Continue analyzing the scenario presented in Question 1. The article notes: "The case for a rebound in global industry is building... For starters, supply chain disruptions continue to ease." Using your graph of the November equilibrium from Question 1, diagram the impact of an easing of global supply disruptions on the equilibrium in the market for goods. Clearly show any changes to either demand or supply, and clearly show the direction of any shift with an arrow. . Label any new curves and the new equilibrium price and quantity with the subscript 2.On October 19, 2023, Marketwatch published a column entitled "Opinion: 'Revenge travel' is over. Shoppers are spending on goods again and these 3 retailers could benefit." E (You do not have to read the article to answer this question. All of the relevant information is provided in the question narrative.) The article discusses changes in the market for goods over the course of the year. For the purposes of this question, suppose that there are two broad classes of things that consumers can buy: goods and services. The column begins by discussing how consumers tend to spend on services such as travel and recreation in the summer but shift toward goods as winter approaches: "With summer travel season winding down and holiday gift-giving season ahead, consumers are shifting their spending to goods from services." Please analyze the setting in the market for goods presented here from an economic perspective. In particular: 1. Graphically depict the demand and supply in the market for goods during the summer (e.g., July 2023). Clearly mark the initial market equilibrium on the graph. 2. Using the same graph, illustrate the equilibrium in the market for goods in November 2023, incorporating the information in the quote above. Clearly show any changes to either demand or supply, and clearly show the direction of any shift with an arrow. Please keep the following in mind: . Do not use any additional information or make any additional assumptions, other than what is presented in the question narrative. . Label the horizontal and vertical axes. . Label the summer supply and demand curves as So and Do, the summer equilibrium price as Po, and the summer equilibrium quantity as Qo- . Label the November curves, equilibrium quantity, and equilibrium price with subscript "1"