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QUESTION 4. (12 points) Posted on Brightspace, Content, Unit III is an article titled \"Gobble Squabble\" by C. Rampbell. 4A. Make a list of economic concepts or ideas in the article. 43. Summarize the article in one-to-two paragraphs. Hint: be sure to talk about turkeys AND roses, as well as other things. It is customary to reference the title of the article and author's name in the first paragraph. See the first page for directions. 4C. Draw the market for roses in February, near Valentine's Day. Incorporate elasticity into your graph. In other words, is the demand \"elastic or inelastic\" and is supply \"elastic or inelastic\"? QUESTION 5. (6 points) BA. Describe the three \"phases" of the elasticity of supply? Use class notes or Chapter 18, pages 510-513, 12th edition. SB. If a business is able to expand its manufacturing capacity, would it be in the immediate, short run or long run? Explain your choice. QUESTION 6. (10 points) Use graph paper for this question. Scan or take a picture, email to yourself, and cut/snip and paste into your answer sheet. 6A. Draw a market graph for your favourite goodyour choice. Label the market graph from axes, to curve, to equilibrium price and quantity, and title. Just keep the choice of your market legal, ethical and moral. (:3 Thank you. SB. Now create a scenario in which the DEMAND for your favourite good increases. USE the determinants of demand to create your scenario or event. 6C. THEN show the change on your graph. SD. What happens to Price and Output (or Quantity) in the market for your favourite good