Topic: Using the supply demand model

microeconomics problem

please help me with this question + explanations!

Use a conceptual supply-demand model (a \"graph without numbers\") to illustrate how some change in market conditions would affect the equilibrium price and quantity in a market that includes or is closely related to your product of interest. (4 points) 0 Your output for this model should be a graph which clearly indicates (L) which curve shifts (demand or supply) and whether it increases or decreases and (ii) how the (equilibrium) market price and quantity will change. 0 Label this graph Figure 1 and include a descriptive Title (which explains what market conditions are changing) in the label. 0 See Figure 1 Example in \"Problem Set 2 supplydemand model gures" 0 Ungraded suggestion: try to make the \"change in market conditions \" a change that you have actually found in your research. Figure 1 Increase in online instruction will increase Figure 1 demand for exam proctoring services Example Price ($/exam proctored) Scenario depicted: Supply Market for exam proctoring services increase P2* (could be relevant for an in price P1* exam proctoring company, or Demand 2 a college/buyer of this product) Demand 1 Increase in demand Q1 * Q2* Quantity (exams proctored) increase in quantity