Economics assignment

Question 1 (20 marks) Given the following market supply function for commodity X, Q. = f (P., P,, W, T, S), where Px = price of commodity x P. = price of raw material to produce commodity x W= wages of employees T= Taxes imposed on commodity x S= Subsidy imposed on commodity x How will the market supply for commodity X change, if a) the price of commodity x rises bj the price of the raw material increases cj there is a high collective bargaining power by trade unions to increase wages dj taxes imposed on commodity x increases el the subsidy imposed on commodity x increases Support each sub-parts with appropriate diagrams (4 marks for each subpart