In the fоllоwing questiоn, given а chаnge in the determinаnt of demand or supply for product X, what is the effect on (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X.Consumer expectations that the price of X will rise sharply in the future. What is the effect on 1) Demand (D) or Supply (S), 2) Equilibrium Price (P), and 3) Equilibrium Quantity (Q)?