Question 28 12 pts Explain the appropriate graph(s) below. Be sure to include a description of your labeled axis and curves. You must explain the directional changes/shifts on the graphs and the resulting effects to the equilibrium price and quantity. a) Draw/Explain a graph showing an economy whose equilibrium quantity is 50 units and equilibrium price is $10.00 for a case of coke. b) If there is a rise in the price of a substitute good (Pepsi), what is the effect on the price and quantity from part (a)? (draw/explain the graph) c) If a tax is placed on the production of coca-cola products, what is the effect on price and quantity from part (a)? (draw/explain the graph) Edit View Insert Format Tools Table 12pt Paragraph BIUA acer v ~ T² ˇ A