Question: Using a supply and demand diagram. Identify the relevant product, draw the shift of the supply or demand curve due to the events. In each

Using a supply and demand diagram. Identify the relevant product, draw the shift of the supply or demand curve due to the events. In each case, show the effect on equilibrium price and quantity.

a.Illustrate the impact on the US Soybean market due to China enacting tariffs on US agricultural products.

b.Homeowners who went through foreclosure back in 2008 are now eligible for new mortgage loans.

c.Income are rising in your community illustrate what will happen in the market for second-hand (used) clothing.

d.The Affordable Health Care Act has not been completely repealed but several major health insurance providers have left the market.

e.Illustrate the initial impact of the tariffs instituted by the US on all imported steel and aluminum (remember a tariff is a tax).

f. Water has been restored to streams throughout Maui making it possible to grow taro in many new locations.

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