Question: 1. What does it mean when a firm goes local? 2. Draw two sets of supply and demand graphs for a grocery store. Label the

1. What does it mean when a firm "goes local?"

2. Draw two sets of supply and demand graphs for a grocery store.Label the first set "Oliver's" and indicate the equilibrium as P* and Q*.On the second set, label the graph as "Local Market" and then show what happens to the Local Market when Oliver's "goes local" by spending more money in the community.HINT: At least one of your curves should slide outward

Note: https://sonomacounty.golocal.coop/site_images_upload/commons/file-upload/M-SSU_Olivers_study-042111.pdf

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