Please note that the bold red and blue lines below demonstrate the quantity versus price relationship for supply and demand in normal circumstances for a particular product. Note: The horizontal axis is quantity, and the Vertical axis is price. The petrol prices have increased recently, decreasing customers' buying power to buy other products. People generally have the same income as before if there is no wage growth. Also, there has been a general increase in the prices of goods and services. Assuming there are no other significant changes in Australian economics, then. in the short term, based on the above figure: (You should use only one of the suggested words in lowercase in brackets; numbers should be an integer.) The supply curve will (shifts left, not change, shifts right) The demand curve will (shifts left, not change, shifts right) The price of the product will (go up, not change, go down) The quantity that is exchanged will (increase, not change, decrease) If one of the above curves indicates this change, the new equilibrium point will be at (x-axis)and(y-axis) Note: Ranges have been given for quantity and price in this case