When answering this discussion question, please ensure you answer all three parts of the question. Label each partas shown in the questionas a paragraph. You don't have to copy the question, though. In paragraph a), all I need is the name of the shift factor and why you picked that shift factor. For paragraph b), I want you totalk abouthow the shift factor affected the supply and/or demand curve initially and then after the boy found the hula hoop; then determine what happened to the equilibrium price and the quantity purchased initially and after the boy found the hula hoop. In paragraph c), I want you to identify a product and explain how one of the supply or demand shift factorsaffected the appropriate curve. Eachstudent needs to pick a different product.Answer the followingquestion also: did your change in demand or your change in supply affect the equilibrium market price for the product? As mentioned above, youmust have three paragraphs, a), b), and c),in answering this discussion question. As usual, I will make some comments concerning your post. Make sure you spell check and reread your submissions prior to posting them to catch wrong words, spelling errors, and grammar errors. The initial post is due by Thursday evening before midnight and the two response posts are due by Sunday evening before midnight.