solve the following question

A DECREASE IN SUPPLY DUE TO AN INCREASE IN THE COST OF PRODUCTION. MARKET FOR CD's P($) New Equilibrium 28 Price. 24 Pe 20 Pe 16 12 Change in price due to decrease in supply clearly shown 2 4 6 8 10 12 14 16 18 20 22 24 26 Q (000's) Qe' Qe Decrease in quantity due to decrease in supply clearly shown 1. Name the factors that could lead to a shift to the right of the supply curve_3. From the following market demand and supply schedule construct a graph. Market Demand and Supply Schedule For Filo Burgers P($/burger) MARKET DEMAND MARKET SUPPLY (000's (000's) 1.00 1.50 2.00 2.50 3.00 4.50 5.00 Title a) On your graph show what will happen if filo burgers faces an increase in its cost of production due to petrol price rises. 34 b) Explain how the market will reach equilibrium after the change. c) Explain the effect on both price and quantity for burgers in New Zealand d) What are the implications of this change?1. From the following market demand and supply schedule construct a graph. Market Demand and Supply Schedule For Lemons P($/kg) MARKET DEMAND MARKET SUPPLY (000's of kg's) (000's of kg's) 3.00 3.50 4.00 4.50 5.00 -NWA 5.50 6.00 I . . .. . .. a) On your graph show what will happen if lemons are found to cure cancer. b) Explain how the market will reach equilibrium after the change. c) Explain the effect on both price and quantity for lemons in New Zealand _