Draw a supply and demand curve and note the point of equilibrium. Illustrate and discuss what happens in the following instances:
-Before proceeding here, consider why we observe an equilibrium, why is not
more or less produced than the equilibrium?-
a) There is an increase in demand (What might cause this?).
b) The increase in demand is coupled with a decrease in supply (What may
cause this?). What happens to price and quantity​

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.