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(11 Draw and explain Production Possibility Curve between basic need item and industrial need item and showing changes For each oF the Following: a. Faster computer hardware b. Decreasing the demand of basic need item c. High rate oF unemployed d. Technological Advancement For basic need item e. shortage of raw materials For basic need item. G32 The market For Foldable Smart phones is initially in equilibrium. with the help of a separate graph for each show how the following situations would impact the: Demand Curve. Supply Curve. Equilibrium Quantity. Equilibrium Price. [Note that all parts are independent and not connected to each other]I a. Use of Foldable smart phone becomes a Fashion trend amongst all age groups. b. The price for Foldable smart phones hikes up to record high. c. Producers expect that the prices of phones to decrease next month. d. The price for Foldable smart phones goes down. e. There is an increase in the prices of the batteries, increasing the cost of production of smart phones (:15 \"($1 {lid 0.6 0 IO 0 | S 5 2 6 i5 :5 Ir 9 1r 2 12 5 O 15 a. Plot the Demand and Supply Curve from the given data and show the Equilibrium Price and Equilibrium Quantity. J L b. IF the price is set at $| per slice. how would it impact the market":I Calculate shortage or surplus. c. IF the price is set at $-i- per slice. Calculate shortage or surplus. d. Is there any shortage or surplus if Gmt Impose price ceiling of $3