Please draw diagrams to cover all possibilities for each case 3A, 3B, 3C, 3D.

3C Decrease in Demand & Increase in Supply A good's price will decline when there is less demand for it and more availability. The reason for this is that there are more things available than there are buyers. For example, if the demand for apples decreases and the supply of apples increases, the price of apples will fall. 3D Increase in Demand & Decrease in Supply In this case, we would observe a rise in price and a fall in the amount supplied. The increased demand for the goods would lead to a higher price expectation. The decrease in quantity supplied would be a result of the decrease in supply. An illustration ofthis scenario would be ifthere was a rise in potato demand and a fall in potato supply. As a result, the price of the potato would go up while the supply would go down. 3A: Increase in Demand & Increase in Supply An increase in demand for a product will lead to an increase in price. This will lead to an increase in production by businesses, which will in turn lead to an increase in supply. The increased supply will lead to a decrease in price, which will lead to a decrease in demand. This process will eventually reach an equilibrium point where the price and quantity of the product remain stable. For example, let's say the demand for apples increases. The price of apples will increase, which will lead to an increase in production by apple farmers. The increased supply of apples will lead to a decrease in price, which will lead to a decrease in demand. This process will eventually reach an equilibrium point where the price and quantity of apples remain stable. A change in the tastes and preferences of consumers could lead to an increase or decrease in demand. 3B: Decrease in Demand & Decrease in Supply If a product's demand falls while its supply also declines, the price of the product will rise. There will be a decline in the amount of the product that is purchased and sold. An example of this would be if the supply of a particular type of clothing decreased along with the demand for that sort of apparel. As a result, the cost of the apparel would go up and fewer items would be purchased and sold. If a product's price rises or income levels drop, there may be a decline in demand for that product. An increase in input costs or a decline in manufacturing technology could both result in a reduction in supply