Help! Exercise Two: MicrochipsRead "Chipmakers, once in high demand, confront sudden challenges:https://economictimes.indiatimes.com/small-biz/trade/exports/insights/chipmakers-once-in-high-demand-confront-sudden-challenges/articleshow/95267433.cms?um source=contentofinterest&utm medium=text&utm campai gn=cppst":Answer and draw sketch

Exercise Two: Microchips Read \"Chipmakers, once in high demand, confront sudden challenges: Mps://economictimes.indiatimes.com/small- biz/trade/exports/insights/chipmakers-once-in-high-demand-confront- suddenchallenges/articleshow/95267433.cms? utm_source=contentonterest&utm_medium=text&utm_camp_aig mat\": 1. Use the market model to illustrate what the article describes. To do this, you will need to determine: a. Which is changing, supply, or demand? b. Does the change identied in part a lead to an increase or decrease? c. What factors are causing or contributing to the change? Cite evidence from the news article that backs up your statement. 2. Sketch a market model that illustrates what is going on in the article based on your documented problem-solving. Sketch the model based on your answers in part 2. Show the initial market equilibrium price as either \"P1\" or \"P*\" and market equilibrium quantity as either \"Q1\" or \"Q*.\" Draw the change in the appropriate curve, using an arrow to show the direction of the change and label the new curve as either \"New Demand\" or \"New Supply.\" Label the new market equilibrium price and quantity and label those points \"P2\" and \"Q2\". State the impact of the change in the market equilibrium price and quantity in the microchip market (is the market equilibrium price and quantity increasing, decreasing or staying the same?)