Ib) Starting at time 1:06, and more specifically at time 1:34, an increase in the supply of ice cream is introduced in the chart. A simple and clear explanation is given from time 1:34 to time
2:35. Redraw the chart as shown at time 2:18, make sure to show the new graph lines "P2" and
"Q2." Write the simple, brief, and complete explanation the presenter is offering, explain what happened to the "equilibrium price" and to the "Quantity produced" as stated clearly by the presenter. You might have to replay this time frame (1:06-2:35) to pick on the narrative for your explanation.
