The focus of this question is on the market for petrol in Australia

during the month of march 2020, the following two shocks occurred in the market for petrol

major oil producing countries (most notably Saudi Arabia and Russia) moved to increase their crude oil production. Crude oil is the main input to the production of petrol .

road traffic across Australia is fell significantly.this is the result of government's lock down policies to fight the coronavirus

Q1 considering the two shocks above, determine how demand and supply of petrol would change clearly explain why such a change occur?

Q2 explain how the demand curve and the supply curve will shift as the result of the shocks above ?

Q3 clearly explain how the equilibrium price and quantity of petrol would changes as result ?