The market for margarine in a country is assumed to be in equilibrium.

. Construct a supply and demand diagram which identies equilibrium price and quantity for margarine in this market. The answer will not contain data or numbers but will show how supply and demand interact to generate prices and quantities. Name this initial equilibrium price P0 and the initial equilibrium quantity Q0. Use the same diagram as in (1) to show the effect of the following changes, ceteris paribus, on the margarine market (one diagram showing all of a, b, 0 below) that the single end result is a new equilibrium price P1 that is higher than P0. Assume margarine is a normal good and explain the answer! A) The price of a substitute good for butter in consumption m; B) C) Producer expectations of higher future prices for m; A decrease in consumer incomes