Description in picture.

1. write a short description of the event explaining if it caused the supply curve OR the demand to shift and in which direction (increase or decrease) 2. explain how the shift affected the quantity and price in the market for the product. 3. draw a graph showing: the original supply and demand curves the original equilibrium point the original quantity and price (q1 and p1 are fine - you don't need to add real prices or quantities) how the curve shifted (right or left) the new equilibrium point the new quantity and price (q2 and p2 are fine) *don't forget to label both axes **Hand-drawn graphs are totally fine. Please just take a picture and upload it to the discussion board