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Q4. For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each case the

Q4. For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each case the impact on equilibrium price and equilibrium quantity.

a.Dr. Adeeb Rizvi warns that high-cholesterol foods cause heart attacks.

b.The price of bread, a complementary product, decreases.

c.An increase in the price of chicken feed occurs.

d.Caesar salads become trendy at dinner parties. (The dressing is made with raw eggs.)

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