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With the aid of a diagram, show the effect of the following changes on the equilibrium price, quantity and equilibrium point. a) Market for tomatoes: Massive flood has destroyed 50% of the tomatoes on the tomato field. b) Market for coca cola: Price of coca cola has gone up. c) Market for bread: Consumer’s income has increased and cost of production has increased. d) Market for housing: increase in the number of marriages and increase in the price of construction materials. e) Market for beer: Government imposes a sales tax on beer. f) Market for maize: Increase in the number of maize farmers and increase in consumer taste for maize. g) Market for Samsung phone: People switch to Huawei. h) Market for Education: Increase in the price of school fees. i) Money Market: Increase in the lending rate. j) Market for DIAPERS: Increase in the number of pregnant women.
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