Hi can u help me answer this question please ?

Consider the perfectly competitive model applied to the market for corporate discount bonds. Initially the market clears in equilibrium at price PP and quantity Q". Using diagrams and economic analysis, describe separately the equilibrium effects of the following shocks: 1. [5 marks] There's a new legislation introduced that decreases the amount of information that corporations have to present in the financial statements. Assume this solely leads to an increase in the risk of investing in corporate bonds. 2. [5 marks] A technological breakthrough in fracking makes extraction of shale gas easier. The market participants believe this will decrease inflation rate in the future as costs of heating will drop