From the following 5 scenarios, pick only 2. Make sure to read all instructions carefully. The graphs can be hand drawn

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From The Following 5 Scenarios Pick Only 2 Make Sure To Read All Instructions Carefully The Graphs Can Be Hand Drawn 1 (36.21 KiB) Viewed 13 times

From the following 5 scenarios, pick only 2. Make sure to read all instructions carefully. The graphs can be hand drawn or drawn using computer software. 1. Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market for Ben & Jerry's ice cream. Use the graph to describe the impact of an increase in the prices of inputs such as energy, packaging and transportation. Tell me how the input price increases would change the equilibrium price and quantity of Ben & Jerry's ice cream. 2.Sriracha hot sauce maker warns of chili pepper shortage. Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply curve in the market for siracha hot sauce. Explain how this will affect your graph. How would the equilibrium price and quantity of siracha hot sauce change as a result of these problems?