5. Explain and graphically illustrate what will happen to the equilibrium price and quantity of domestically produced shoes in the U.S. given the following changes. Please analyze each change separately.
a. A Federal stimulus bill is approved that includes a provision of subsidies for all domestic manufacturing. b. A quota is placed on imported shoes.
c. A tariff is placed on imported shoes.
d. A change in immigration policy results in a significant influx of semi-skilled labor