ECO 108 Introduction to Economics-BB Assignment 1 SBU ID: Name: Present all final answers neatly on these provided pages. Show any relevant calculations neatly. 1 For questions (a)-(c), consider the market for bagels, which is currently at equilibrium, and where Ragel and Quagel denote the price and quantity of bagels in the market, respectively. If the change given in each problem is the only change that happened (all other things are held constant), what will be the effect on the equilibrium price and quantity of bagels? Please draw a graph to explain. Make sure that you label the axes. (a) The price of cream cheese, complementary goods to bagels, increases. (b) The price of croissants, substitute goods to bagels, decreases.