Someone plz help me with these

~_ .1 * U a", - ..u-.'-._.. .u.v_. \"0-- "- (14 points) Analytical Question (Graphical Analysis Required) The existence of periodic shortages of baby-fonnula this ' nationwide attention. To gain a better understanding of tlizsitsggrglfaszcgazihe Wall Street Journal article titled \"Flawed System Behind Baby-Formula Shorta e\" (May 21, 2022) and answer the questions below. [A hard copy of the article was handed out in class and the article is also posted in Modules in MyCourses] 1. Draw a supply and demand graph depicting the market for baby-formula labeling the price (P) of baby-formula on the vertical axis and the quantity (Q) of baby-formula along the horizontal axis. Draw a demand curve (D) for baby-formula that obeys the law of demand and a supply curve (S) for baby-formula that obeys the law of supply. Label the initial market equilibrium price (P) and quantity (Q) of baby formula and consider this the market situation last year (before the shortages of baby formula materialized). 2. Using the Wall Street Journal article as your source, describe at least two (2) factors adversely affecting the supply of baby-formula over the past year and show in your graph from question 1 the resulting change in supply. Label your new supply curve 8'. Assuming no change in the initial equilibrium price of baby-formula, explain and show in'yOUF graph how this change in supply would be expected to create a shortage. Cop m s -- 7. ~ 3. Using the Wall Street Journal article as your source, explain and demonstrate in your graph at least one (1) factor recently changing the demand for baby-formula that also contributed to the shortage. Show in your graph from question 2 the change in demand and label the new demand curve D'. Assuming no change in the initial equilibrium price of baby-formula, explain and show in your graph how this change in demand would be expected to enlarge the shortage of baby-formula. is free to adjust, explain in words and n the price of baby-formula that would be have shown in question 3. Label the new ' l l 4. Assuming the price of baby-formula demonstrate in your graph the change i expected to eliminate the shortage you 5 market equilibrium price P'. With specific reference to the law of supply and law of demand, explain how the change in the market price of baby-formula toward its new equilibrium level would be expected to eliminate the shortage you have shown in question 3. Clearly state the law of supply and the law of demand in your answer. 5. Using the Wall Street Journal article as your source, explain what difficulties hindered price adjustments or other factors from eliminating the shortage of baby-formula? 6. Using the Wall Street Journal article as your source, what government policies were initiated to help reduce or eliminate the shortage of baby-formula you have shown in question 3? Show in your graph from question 3 (or draw a fresh graph depicting a shortage of baby-formula as in question 3) and explain in words how these government policies were expected to reduce or eliminate the problem of shortages of baby-formula. Explain and demonstrate in your graph any changes in the supply and/or demand for baby-formula that the government policies were expected to create