Part A - When In Doubt, Graph It Out - Directions: For each question, draw a market in equilibrium, labeling the initial equilibrium price and equilibrium quantity. Then shift the appropriate curve and label the new equilibrium price and equilibrium quantity. Next, fill in the blanks to describe what happened. For new curves use dotted lines - - - - or a different color. 1. (3 points) Crisis! Ryan's Hotdog Stand" has an increase in ground pork (input) prices after the pigs go on strike. What happens to the hotdogs? The equilibrium price will and the equilibrium quantity will 2. (3 points) Eureka! A new study comes out that proves an apple is super food! Truly an apple a day keeps the doctor away. What happens to Adam's Apples ? The equilibrium price will and the equilibrium quantity will