with use of of supply and demand model, discuss the effect on equilibrium price and equilibrium quantity of the following situations. Also a properly-labeled diagram to support your discussion.

considering the market for nike shoes. The units of prices are $/shoe and the quantity of nike is measured in millions of shoes per month. As a starting point assume the market is initially in equilibrium. Believe that there is an increase in the cost of shipping nike into the market. What would you expect to happen to prices and quantities in the market for nike