This article either describes a) a shift in demand, OR b) a shift in supply, OR c) Both.a) THE ARTICLE DESCRIBES A CHANGE IN DEMAND:- DESCRIBE the event (or events) causing it and whether each demand changing event is increasing or decreasing demand. Also describe how you would show any identified demand change(s) on a graph (and ideally also show it on a graph).– Describe how THIS DEMAND CHANGE ALONE impacted, a) equilibrium price, and b) equilibrium quantity (i.e., did each increase or decrease). Ideally also draw a supply and demand diagram showing this.1
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