Using economics theories from Krugman & Wells (2017), explain supply and demand principles applied to the UK food supply in 2020. Support your explanation of the economic concepts by providing basic supply and demand graphs, with analysis applied to the UK food supply. Include relevant examples and references from the UK food supply market and UK news in 2020 to support your explanations.Use supply and demand economic theory and graphs to support your detailed explanations of each of the following concepts. All supply and demand graphs must show both supply and demand curves: 1. 3 graphs explaining the movement on the supply curve (1), shift left (2), and shift right (3) of supply curve applied to UK food supply examples, providing a minimum of one economic factor per graph to explain the changes in supply. 2. 3 graphs explaining the movement on the demand curve (1), shift left (2), and shift right (3) of demand curve applied to UK food supply examples, providing a minimum of one economic factor per graph to explain the changes in demand. 3. Explanation of equilibrium price and quantity, and how equilibrium shifts with supply and demand curve shifts, applied to the examples used in the graphs above. 4. Explanation of shortage & surplus, applied to the examples used in the graphs above