Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given. Also say whether this represents a change in change in demand or change in quantity demanded. (Graph all the scenarios)
a. Natural Gas: Fracking technology is improved allowing easier access to natural gas reserves.
b. Rice: Reports surface about traces of arsenic ( a poison) in rice.
c. Wheat (substitute to rice): Reports surface about traces of arsenic (a poison) in rice.
d. Soy sauce (complement to rice): Reports surface about traces of arsenic (a poison) in rice.
e. Clothing: Lobor costs for clothing manufacturers increase.