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help please 1 100% The following diagram shows the market for Malaysian bananas. P S P1 D Q1 Q (a) Using relevant diagrams of demand

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1 100% The following diagram shows the market for Malaysian bananas. P S P1 D Q1 Q (a) Using relevant diagrams of demand and supply, explain and illustrate what would happen to the equilibrium price and quantity of Malaysian bananas in each of the scenarios below. State your assumptions clearly where necessary. (i) Malaysian Agricultural Research Institute has come up with new banana trees resistant to insects (5 marks) (ii) School children are encouraged to take bananas as part of their diet instead of sugary foods (5 marks) (iii) The price of imported Cavanish bananas has fallen (5 marks) (b) Government decides to impose a per-unit tax on sellers of Malaysian bananas. Show the impact of a per unit tax on buyer and seller using relevant diagrams assuming that supply is inelastic and demand is elastic. Who bears more of the tax burden? (7 marks) (c) If demand is elastic, should the seller increase or decrease price to increase his total revenue? Explain your

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