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please explain even without diagram. Glass fiber, whose major ingredients are silica sand, limestone, and soda ash, is mostly used for thermal insulation and sound

please explain even without diagram.

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Glass fiber, whose major ingredients are silica sand, limestone, and soda ash, is mostly used for thermal insulation and sound absorption in construction. Assume that construction industry is a perfectly competitive industry that is populated by many identical construction companies. Also assume that this industry is in its long-run equilibrium position. Suppose that the prices of both silica sand and limestone considerably increased. Using properly labelled diagrams, show the following: a. what happens to the cost curves - MC, AFC, AVC, and ATC - of an individual construction firm (ranksAntsmageRenprepreadmet b. what happens to the construction industry's supply curve in the short run (marks) c. what happens to the profits of construction companies in the short run (Avuparks) d. what happens to the number of construction companies in the long run ( wayhas) e. what happens to the construction industry's supply curve in the long run (Fitmaking On your industry diagram clearly identify the a) industry's supply curve, b) equilibrium market price, and 3) industry's level of production consistent with the new long-run equilibrium position of construction industry prmarkon

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