Question: Please provide an answer with a thorough explanation on how you go to your answer and step by step instructions where necessary. Thank you. 1.For

Please provide an answer with a thorough explanation on how you go to your answer and step by step instructions where necessary. Thank you.

1.For each of the following events, predict the change in the equilibrium price and quantity of chickens and explain your prediction, identifying any determinants of demand or supply that play a role, and with a graph (in the market for chickens) that includes both demand and supply curves:

a.Chicken is called a health food by the US Surgeon General

Demand or Supply? (circle one)

Determinant: ____________________

Price will increase/decrease (circle one)

Quantity will increase/decrease (circle one)

Graph:

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