In class, we learned how to analyze the impact of various events on the markets. This exercise is precisely in that spirit. Your task is to analyze an event (described below) and conduct the market analysis, To be more precise, here is a step-by-step guideline. a) Determine which market is affected by the event. b) Start with the initial situation: demand-supply model. c) Detrmine how each curve (demand and supply) is affected by the event. d) Find the new equilibrium. e) Finish with conclusions. Your answer must include both a graphical analysis and as well as a written description/analysis. That is, a reader should not be forced to interpret the graphs by herself/himself. It is important that you prepare your own graphs: draw them in your favorite software (Word, PowerPoint, Pain) or by hand (then take a picture and insert it into the document). The event in question is Ramadan. (Hint: focus on just one specific market; do not overcomplicate.) In class, we learned how to analyze the impact of various events on the markets. This exercise is precisely in that spirit. Your task is to analyze an event (described below) and conduct the market analysis, To be more precise, here is a step-by-step guideline. a) Determine which market is affected by the event. b) Start with the initial situation: demand-supply model. c) Detrmine how each curve (demand and supply) is affected by the event. d) Find the new equilibrium. e) Finish with conclusions. Your answer must include both a graphical analysis and as well as a written description/analysis. That is, a reader should not be forced to interpret the graphs by herself/himself. It is important that you prepare your own graphs: draw them in your favorite software (Word, PowerPoint, Pain) or by hand (then take a picture and insert it into the document). The event in question is Ramadan. (Hint: focus on just one specific market; do not overcomplicate.)