Q$1$

$($a$)$

Use five separate diagrams to illustrate, all other issues remaining constant, how each of the following events affects equilibrium price and quantity for Irish beef $($label all axes$).$

$($i$)$ A report is published outlining the health benefits of consuming Irish beef.

$4$ Marks

$($ii$)$ The consumption of Irish beef declines in the UK following 'Brexit'.

$4$ Marks

$($iii$)$ The number of beef producers in Ireland increases.

$4$ Marks

$($iv$)$ The cost of animal feed for cattle increases significantly in Ireland.

$4$ Marks

$($v$)$ There is an EU wide total ban imposed on Brazilian imported beef.

$4$ Marks

$($b$)$

Using a single diagram show consumer surplus.

$5$ Marks