HW #2 For the product shown in the pa "change in demand (AD)" or a "change in the quantity demanded (A" Illustrate the answer on a graph with the demand curve only Answers without graphical renthesis, identify whether each event represents a illustration or proper labeling will have no value. 1. (Auto) Auto sales rise as consumer incomes rise. 2. (Fish) Fish sales falls after the Pope allows Catholics to eat meat on Fridays. increases and bread sales go 3. (Bread) After a disastrous wheat blight, the price of bread down. 4. (Peanut butter and jelly) After a disastrous wheat blight, the price of bread increases, a peanut butter and jelly sales go down. Suppose demand can be described with the equation qd=900-5p and supply with the equation q- 100 +5p. a.. Determine the equilibrium price and quantity. the sunlus or shortage if the price were S100