Answer please Assuming hypothetical equilibrium in Demand/Supply Model of Apples, illustrate impact offollowing event: The price of petrol in the market comes down

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A: Q9AnswerBefore-tax, equilibrium is at demand = supply60-2Q=10+3Q5Q=50Q=10P=10+3*10=40

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A: Below is the diagram:

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A: (a)