Please answer all four questions below and kindly please answer correctly and carefully.
8. Shifts in supply or demand I
The following graph plots the market for scones in Miami, where there are always over 1,000 bakeries. Suppose the Surgeon General issues a public statement saying that consuming scones is good for your health.
Show the effect of this change on the market for scones by shifting one or both of the curves on the following graph, holding all else constant.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.
Please answer this question as well as mentioned draw the graph.
\fGraph Input Tool Market for Combs 80 72 Supply Price C 16 (Dollars per comb) 64 Quantity 310 Quantity Supplied 100 Demanded (Combs) 56 (Combs) 48 40 PRICE (Dollars per comb) 32 Demand 24 16 0 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Combs)Price Shortage or Surplus Amount (Dollars per comb) Shortage or Surplus (Combs) Pressure 48 32Scenario 1 10 O Supply Demand CO O 7 6 Supply PRICE (Dollars per pen) 4 Demand 2 0 0 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of pens)Scenario 2 10 O Supply 8 Demand 7 O 6 Supply PRICE (Dollars per pen) 5 4 3 Demand 2 O 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of pens)Change in Equilibrium Objects Equilibrium Object Scenario 1 Scenario 2 When Shift Magnitudes Are Unknown Price 7 Quantity V

Question

Please answer all four questions below and kindly please answer correctly and carefully.

8. Shifts in supply or demand I

The following graph plots the market for scones in Miami, where there are always over 1,000 bakeries. Suppose the Surgeon General issues a public statement saying that consuming scones is good for your health.

Show the effect of this change on the market for scones by shifting one or both of the curves on the following graph, holding all else constant.

Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.

Please answer this question as well as mentioned draw the graph.

\fGraph Input Tool Market for Combs 80 72 Supply Price C 16 (Dollars per comb) 64 Quantity 310 Quantity Supplied 100 Demanded (Combs) 56 (Combs) 48 40 PRICE (Dollars per comb) 32 Demand 24 16 0 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Combs)Price Shortage or Surplus Amount (Dollars per comb) Shortage or Surplus (Combs) Pressure 48 32Scenario 1 10 O Supply Demand CO O 7 6 Supply PRICE (Dollars per pen) 4 Demand 2 0 0 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of pens)Scenario 2 10 O Supply 8 Demand 7 O 6 Supply PRICE (Dollars per pen) 5 4 3 Demand 2 O 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of pens)Change in Equilibrium Objects Equilibrium Object Scenario 1 Scenario 2 When Shift Magnitudes Are Unknown Price 7 Quantity V