2. Individual Problems 8-2 The "A" index is a proxy for the world price of cotton. From January to October 2021, the price reflected by the "A" index increased by about 50%. On the following graph, shift the demand curve to show what may have caused the increase in the price of cotton. O Supply Demand Supply "A" INDEX PRICE OF COTTON Demand QUANTITY OF COTTON leftward rightward Another possible explanation for this increase in the price of cotton is a shift of the supply curve.The following graph depicts the market for candy bars, currently in equilibrium. Suppose there is an increase in cocoa prices. Shift either the supply curve or demand curve on the following graph to depict this increase in cocoa prices, then answer the questions that follow. '\\ C?) 30 O 27 Supply 24 Demand ,9 21 El N .D 5' 13 Supply C 8 a 15 -+ a I 3 I 12 t): I E'E 9 | I Demand 6 I I 3 I I o I o 4 81216 20 24 28 32 36 4o QUANTITY (Thousands of candy bars) As a result of the increase in cocoa prices, the equilibrium quantity of candy bars has v , and the equilibrium price has V