In this section, we will be assessing your ability to apply concepts learned in class to the world around you. 15 A Question 28 (15 points) For this question please take out a piece of paper [or 3!] [preferably graphing if you have it) Knowing what we know about Coyid-19. I would like you to create a supply and demand more and table for masks. Indicate necessary shortages or surpluses on said graph and make sure to label all points appropriately. (Once finished please attach your finished graph to this question [if not able to then please email it) [3 A] Using your graph answer the following 3 questions. 1} Suppose the government of Canada institutes new laws related to mask wearing including putting a tax on how much producers can sell the masks. How would a goyernment tax affect the BSD of masks in Canada? {Indicate on the graph as well] -If it gets too messy you can create 3 different graphs [4 A] 2] Using the graph you created determine. if at all, any shifts of supply & demand curve if all of a sudden producers found a new type of material which made mask production cheaper and more efficient. [4 A] 3] Suppose crop yield for cotton increased due to beautiful weather conditions for cotton plants [cotton is the main material in producing masks] but at the same time a new study comes out saying that wearing medical masks is yery bad for your skin and causes rashes. What will happen to the supply and demand curye? What will happen to price and quantity? {Graph & Justify] [4 A]