B. If agricultural subsidies were cut, please illustrate on the graph below the direction or movement of the supply or demand curve. Please state whether the price will increase or decrease and whether quantityr will increase or decrease. Supply & Demand Graph 12 ll] Z i 4 2 0 0 20 40 60 30 100 1.20 Quantity Quantity Demanded Quantity Supplied 7. If taxpayers are given a tax credit for the purchase of electric automobiles, please illustrate on the graph given below a shift in the supply or a shift in demand curve for electric automobiles. Please state whether price will increase or decrease and whether quantityr will increase or decrease. Supply & Demand Graph p. O m G ______ 60 Price 51 4::- C: 20 40 ED 30 103 12!] Quantity Quantity Demanded Quantity Supplied