The graph on the right shows the market for squash. Show a price at which there is a shortage in the market. 10- 1.) Using the point drawing tool, indicate a price on the supply curve consistent with a shortage and label it Qg. 8- 2.) Using the point drawing tool, indicate the point on the demand curve that corresponds with the same price and label it Qp. Carefully follow the instructions above, and only draw the required objects. 10 Price of squash 4-

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For each of the following articles below, analyze the impact of a change in demand or a change in supply or both (or it may not necessarily illustrate a change) on price equilibrium price, market price) for the good under consideration and draw the appropriate graph for each article. Use D., S.. P., and O. to symbolize initial demand, supply, equilibrium price and quantity respectively. Use D,, S., P., and Q, to represent the new demand, supply, equilibrium price and quantity respectively Slaughter rates dropped in 2019 because of low farm gate prices and weak pork demand, which contributed to a decline in 2019 swine meat production (plg333.com. March 26, 2020)

24 of 100 Suppose that there is a freeze in California that damages the avocado crop. The effect on the market for avocados will be a in the equilibrium price. of the supply curve and a(n). DOOO leftward shift; decrease leftward shift; increase a rightward shift; increase rightward shift; decrease