Thoroughly discuss each of thequestions/statements below:

Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster. (Minimum of 100 words for EACH statement/question):

1. Using the term Demand as a topic, explain how/why this occurs.

2. Using the term Supply as a topic, explain how/why this occurs.

3. Using the term Equilibrium as a topic, explain how/why this occurs.

4. From an ETHICAL/MORAL point of view, what are the issues involved with this case?

Be very thorough and in-depth on the answers given to all statements/questions.