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Can someone do these graphs for me? I have a hard time figuring out this worksheet. Thank you :) Question 1 1-1) Draw the supply

Can someone do these graphs for me? I have a hard time figuring out this worksheet.

Thank you :)

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Question 1 1-1) Draw the supply and demand curves a perfectly competitive market and the cost curves of an individual firm in the same market which reflects a loss. (in black) 1-2) Show how the market would adjust in the long run. If there is no change you do not need to draw the change. (in red) 1-3) The price of a substitute good has suddenly decreased. Show the effect in the same graphs. (in blue) 1-4) How would the market go back to the long-run equilibrium (in green) Question 2 2-1) Draw the supply and demand curves a perfectly competitive market and the cost curves of an individual firm in the same market which reflects a loss. (in black) 2-2) Show how the market would adjust in the long run. If there is no change you do not need to draw the change. (in red) 2-3) The consumer's overall income has decreased and this good happens to an inferior good. Show the effect in the same graphs. (in blue) 2-4) How would the market go back to the long-run equilibrium (in green) Question 3 3-1) Draw the supply and demand curves a perfectly competitive market and the cost curves of an individual firm in the same market which is earning normal profit. (in black) 3-2) Show how the market would adjust in the long run. If there is no change you do not need to draw the change. (in red) 3-3) There has been a technological advancement in the production of this good. Show the effect in the same graphs. (in blue) 3-4) How would the market go back to the long-run equilibrium (in green)0 ranges MC ATC Avc works ? ED: P Q Q 2 205%

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