l. Wllf W QUESTION 1. The Market for Eggs. For A, B, C: Treat each of the following events separately. (Follow the format from examples in class.) 1. Draw or sketch a market graph for the good under consideration. Label axes, curves and equilibrium. Title the market. 2. Explain the change: Is it a change in demand or supply? which determinant? Explain how the determinant will change demand or supply? 3. Sketch or draw the change in demand or supply an the graph you sketched. and label the new equilibrium point with P22 and 052 4. Write what happens to equilibrium Price and Quantity. Does P Mir/1', does (1 Tort? Scenario: Eggs and hash browns (potatoes) are complementary goods. Chicken feed is a cost of production. Eggs and peanut butter are substitutes (because both are protein sources). Eggs are healthy sources of protein and are used in many dishes such as quiche. A. what happens in the market for eggs when the price of organic peanut butter decreases (no allergies)? B. What happens in the market for eggs when robotics is introduced in chicken farming that decreases chicken mortality (that is. fewer chickens die)? C. What happens in the market for eggs when the price of frozen hash browns (sold at the grocery) decreases? Proofread your answers. You should have 4 parts for (A), 4 parts for (B) and 4 parts for (C). ,0 Type here to search Ollei-n /\\ Qc" 7:39 PM 7/1 6/2021 E)