Please draw on paper!

3) Draw a hypothetical supply curve for a producer of tea and a hypothetical demand curve for a consumer of tea. Assume that tea is a normal good. a. State the Law of Demand and the Law of Supply. b. Consider each of the following changes. Discuss which curve will be affected and why. Illustrate the expected change graphically. i. The cost of fertilizer goes up dramatically. ii. A medical report implying tea is bad for your health is published. ili. Consumer incomes fall. iv. The price of wheat, which can grow in the same conditions as tea, increases. v. A technological innovation lowers the cost of producing tea. vi. The price of tea increases