In Question 1, you established the original equilibrium in the egg market and determined the equilibrium price (P₀) and equilibrium quantity (Q₀)_. In Question 2 through 5, you applied two additional changes, and found the final equilibrium price (P₂)and the equilibrium quantity (Q₂).

• Considering your analysis, can you state with certainty that Q₂ is greater than, same as, or less than Q₀? Why or why not?
• Similarly, can you state with certainty that P₂ is greater than, same as, or less than P₀? Why or why not?

If any of your predictions about the cumulative impact of these shifts on either price or quantity (or both) are uncertain (ambiguous), what will determine the final outcome? Please make sure you relate your explanation to the graphical analysis you've offered in Questions 2 through 5.

You may want to illustrate your response with a graph. However, a graph is not required.

Please upload a single MS Word, Adobe PDF, or graphics file (JPEG, TIFF, PNG, BMP only) that does not exceed 5MBs with an optional graph and a required narrative response where indicated as an answer to this question.