Economics has major impacts on businesses, on a micro and macro level. Economics can impact currency and interest rates. Economics plays a major role in accounting in business organizations. Consider and respond to the following questions:

1. Based on the materials, show the demand/supply chart with price points on the following:

If the supply of light bulbs increases.

There is a substitute for light bulbs.

Production of lightbulbs decreases.

Please give me the correct answer with explanation.