Part A (2 marks) You've been looking forward to going camping for months. The fresh air, the crisp morning air, laying around in your hammock enjoying the warm afternoon breeze blowing in over the lake. You woke up at the crack of dawn for 5 mornings in a row in March in order to secure a reservation on this site. And now the camping trip is right around the corner ... Your friend calls you. He has a spare ticket to the surprise Duran Duran show that was announced at the last moment. You haven't seen a live concert since before the pandemic started and you couldn't be more stoked to go ... except that the show is taking place right smack in the middle of your long-awaited camping trip. What to do ... Model this decision-making scenario using the MB/MC graph. Assume you start at the point marked A, and that after the shock you find yourself at a new equilibrium point B. Label the curves and axes appropriately. Graphically show the shock and derive and show the new equilibrium decision at point B. Note: the submitted solution needs to be on the solution page, not on the graph below. A QA Likelihood of going camping Part B (2 marks) As the date of your camping trip steadily approaches, you start hearing on the Facebook Friends of Killbear Park group that that this year is turning out to be worst Lymantria Dispar Dispar infestation in 30 years. There are so many caterpillars crawling in the trees that their droppings sound like the pitter patter of rain on the tarps above campers tents. People are finding their calves covered in caterpillars within minutes of sitting down at their campfires. Camping isn't sounding that peaceful and relaxing anymore. Show how this new information affects your decision-making by continuing the analysis starting from your previously derived point B. Again, label the axes and es below. Derive and show your new decision point C relative to the initial point B Do not show me any curves or points that not directly related to the transition from Equilibrium B to C. Do not include any content that is not directly relevant to Part B. B QB Likelihood of going camping