how do I find each? did I do it right? Have you noticed recently that it is

how do I find each? did I do it right?

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Have you noticed recently that it is almost impossible to find Gatorade? According to the beverage industry periodical Beverage Digest (yes, that is its real name), there are two possible explanations for this shortage. First, there is some evidence to suggest that demand has increased due to unusually warm Summer weather combined with high demand from COVID patients. Second, COVID related shutdowns in Gatorade s supply chain. A) Assume that the graph below is the market for Gatorade. Label each curve and axis. (4pts) X Curve 1: supply Curve 2: demand 20 pts Graph 1 DEF Graph 2 B) Use Graph 2 above to answer the following questions. Assume that both of the scenarios described above have occurred so that there is a shortage of Gatorade. Given that there is a shortage the current price of Gatorade must be at point C (4pts) The size of the shortage is equal to point D minus point F Q In order to eliminate the shortage Gatorade needs to set the price at point A (8pts) (4pts) Have you noticed recently that it is almost impossible to find Gatorade? According to the beverage industry periodical Beverage Digest (yes, that is its real name), there are two possible explanations for this shortage. First, there is some evidence to suggest that demand has increased due to unusually warm Summer weather combined with high demand from COVID patients. Second, COVID related shutdowns in Gatorade s supply chain. A) Assume that the graph below is the market for Gatorade. Label each curve and axis. (4pts) X Curve 1: supply Curve 2: demand 20 pts Graph 1 DEF Graph 2 B) Use Graph 2 above to answer the following questions. Assume that both of the scenarios described above have occurred so that there is a shortage of Gatorade. Given that there is a shortage the current price of Gatorade must be at point C (4pts) The size of the shortage is equal to point D minus point F Q In order to eliminate the shortage Gatorade needs to set the price at point A (8pts) (4pts)

Answer rating: 100% (QA)

Question A Curve 1 Supply Curve 2 Demand B i At price C ... View the full answer