Consider the Australian, domestic market for gas. Based on your list of demand and 

supply-side factors from Q1(iii) and your evidence on the behaviour of gas prices in

Q1

(i), illustrate the changes to the Australian, domestic gas market. [Hint: When shifting

both demand and supply, pay attention to the net effect these shifts have on the new

equilibrium price and quantity].

Remember to fully label your diagram and provide a discussion that supports your

illustration.