Consider the production possibility frontier diagram below. Assume the eeonorny is in equilibrium at point e. in 3} Starting from equilibrium at point e, if there is an increase in the wage rate, at what point the new equilibrium is likely to be? Explain. b) Starting from equilibrium at point e, if the price of good A increases. at what point the new equilibrium is likely to he? Explain. e} Starting from equilibrium at point e. ifthe price of good E increases, at what point the new equilibrium is likely to he? Explain