Your answer will be evaluated based on correctness, completeness, and clarity. Be attentive to Supply your writing. You have until midnight CST Sunday to submit both parts of this assignment. Part A (25 points) The following companies and scenarios are fictional. In each case, you are to demonstrate po graphically the change in the model and then provide a hypothetical explanation of what happened. If you have trouble with changing graphs in Word, reach out to your instructor. All assignments must be submitted as Word files. Example - Capn' Mark's Seafood price is falling even while sales are growing. Demand Qo Qty Supply Respond here New Supply Question 2 - Todd's Tiaras has seen a significant uptick in same-store sales and has been able to po completely eliminate discounting. New Price Supply Demand Qo New Quantity Qty po - Capn' Marks Seafood has developed a new technology that allows it to "grow" seafood chunks using genetic engineering. This new technology means Capn' Marks can supply fast food restaurants with seafood patties at half the price of its competitors. The result is a 40% increase in sales. Demand Q0 Qty Question 1 - Becky's Bongos sales are falling even while they continue to decrease price. Respond hereQuestion 3 7 Fast Freight, an interstate trucking corn pa ny, has had to raise price three times in the past year, significantly reducing sales. Respond here For the following questions, utilize a diagram for each market to demonstrate the respective effects of the described event. Aftenivard, verbally describe your response. Example The appreciation of the Taiwanese currency has increased the price Foxconn must charge Apple and other clients for manufacturing electronics. This has benefited their Indian competitor, Majumdar Ltd, who has picked up Foxconn's lost sales. mi _.. m madam-R The currency appreciation increases Foxconn's cost causing supply to shift leftward. Majumdar, Ltd sees an increase in demand as customers swil12hfrom Foxconn to Maiumdar. Question 47 A substantial decrease in this year's wheat crop has led to a sharp increase in sales of corn. Respond here Question 57 The devastating effect of the Couid719 virus on the cruise industry has decimated the economies of many Caribbean island nations. Respond here Part B [25 points) This week you are to complete a fully complete draft response to the following. You are to com plete this draft without assistance from either current or former MBA 5010 students. This draft response will be evaluated on completeness and clarity but not grad ed for content. Next week you'll be given an opportunity to collaborate with your peers to complete a nal response. Consider if there should be a market for organs -specifically kidneys. In the United States, it illegal to sell kidneys. Explain how this is in essence like the government has imposed a price ceiling of zero on the market for kidneys, thus creating a shortage. Discuss how a free market for organs such as kidneys might result in benefits. What value might be created from a free market for kidneys. Specifically discuss how sellers might be better off and how buyers might be better off. Would this lead to an efficient allocation of resources? Are there any other issues to consider if there was a free market for kidneys such as fairness.(e.g., would only those most willing and able to pay for a kidney be the ones that benefit)