Market Equilibrium Analysis

According to the topic 'Demand, Supply and the Equilibrium' in Prices and Markets, can you help me analyse this case study activitiy:

It is reported that the prices of coffee beans in domestic market in Vietnam have been increasing since the second quarter of 2020 till the first quarter of 2021 (Tuoi Tre News, 2021, and VRAC, 2020).

References:

Reuters (2021),Domestic coffee prices pick up in Vietnam on global cues, tight supplies, [online] available at:https://tuoitrenews.vn/news/business/20210225/domestic-coffee-prices-pick-up-in-vietnam-on-global-cues-tight-supplies/59471.html(Links to an external site.)

VIRAC (2020),Vietnam coffee industry: Gearing up for price growth momentum, [online] available at:https://viracresearch.com/vietnam-coffee-industry-gearing-up-for-price-growth-momentum.html(Links to an external site.)

https://vietnamnews.vn/economy/716842/local-dairy-expected-to-continue-growing-in-2020-virac.html

https://vietnamtimes.org.vn/dairy-giants-make-huge-investment-as-vietnam-ramps-up-milk-production-19160.html?fbclid=IwAR3ccasbv_BSaGOrRwSwXh1DokaBbdAX8QS-xo-fl1RHy6vpjWlq0tctVmQ

Develop an economic analysis for explaining the increase in prices of coffee beans in the domestic market and predicting any possibility of market adjustments to new equilibrium.

Illustrate your economic analysis of the market by a clearly labelled graph. (How to draw a professional graph, explain and compare in detail)

Please, follow step by step:

1 change in demand

2 change in supply

3 evaluation

4 prediction

5 illustration