Please answer the following question thanks! :)

horn FEIIIIVE IVIaI'KEIS [ I U marks; This question should be answered on your own paper, and a clear picture of your complete answer should be uploaded below. All your answers should be clearly labelled with the question numbers, 0.22a, 022b, and 022c. Assume that bee-keeping, for organic honey, operates in a competitive market structure, and that organic honey is considered a health-food. In recent times, healthy eating became increasingly popular due to disease concerns, and the demand for organic honey increased signicantly. a) Draw fully labelled diagrams to illustrate the short-run changes due to increased demand for organic honey in o the market for organic honey, and o the individual representative firm selling organic honey Hint: Start with the long-run equilibrium (4 marks) b) Use your diagrams to explain clearly, the short-run changes in the organic honey market and the representative rm selling honey. Your answer should specifically refer to price, quantity, and prot/loss as applicable, and use labels from the graphs in part a. above (3 marks) c) According to economic theory, in the long-run, perfectly competitive markets inevitably return to their break-even equilibrium. Explain how the organic honey market illustrated in part a. above will return to its long-run equilibrium. Hint: Apply the relevant economic theory. No graph needed