Answer this question.Draw two diagrams write explanation paragraph

Section B Answer both questions in this section. Hornby - A UK firm making model trains in a competitive market Hornby is a UK firm supplying model trains in competition with companies such as Bachmann, Dapol, Heljan and Fleischmann. Model trains have become more attractive to adults as a result of television programmes, such as James May's 'Toy Stories', where the presenter built a layout in his home. During the last 10 years there has been significant improvements in the quality of the products produced by Hornby, however, there have also been significant increases in labour and raw material prices. 23. Using one demand and supply diagram, explain the likely effects of the above factors on the market price of Hornby products. (9 marks)